In The News Today

Posted at 11:48 AM (CST) by & filed under In The News.

My Dear Friends,

Did you notice that $1775 was Friday’s low in gold? $1775 has taken on more meaning as it has been arbitrarily elected maybe because of its implications in the silver/gold ratio.

Personally, I think ratios have 20/20 vision backward and are blind looking forwards. They do however make good conversation when there is nothing else to talk about.

The range for gold now is clearly $1750 to $1800.

We witnessed the most transparent false report on employment in statistical history Friday. What party does not want to see gold above $1800 before the election? I would say the party of the Banksters, therefore their tool is the gold banks.

The body block thrown at gold just below $1800 was as transparent as the employment figures. The battle pre-election is clearly $1750, $1775, to $1800. Next month’s employment figures better be cooked well done and spicy.

Regards,
Jim

 

Jim Sinclair’s Commentary

Drama and comedy are two ways to say what few dare to say in conversation.

 

Jim Sinclair’s Commentary

My suggestions to all of you that have been habituated to financial TV, well any TV.

Welch defends accusation against Labor Dept., but says he has no evidence
Chris Matthews talks to former CEO of GE Jack Welch, who made news Friday morning for accusing the Labor Department of cooking the books on the good September jobs report to make President Obama look good. Welch doubles down on his accusations, though he says he has no evidence.
Hardball | Aired on October 05, 2012

Click here to watch the video…

Jim Sinclair’s Commentary

Wherever there is potential for harm our boys and girls will be deployed.

When you are no longer the economic power, you better be the military power. This entire problem is based on energy undersea. You were told 5 years ago that this had to happen as it has, where it has.

2 U.S. carriers deployed to W. Pacific
Kyoko Yamaguchi / Yomiuri Shimbun Correspondent

WASHINGTON–Two aircraft carrier strike groups of the U.S. Navy’s 7th Fleet have been deployed since mid-September to the Western Pacific in an apparent attempt to keep the activities of the Chinese military in check amid growing Japan-China tension over the Senkaku Islands.

The two nuclear-powered aircraft carriers are the USS George Washington, based in Yokosuka, Kanagawa Prefecture, and the USS John C. Stennis, based on the U.S. west coast. The command of the 7th Fleet is also located in Yokosuka.

It is unusual for the U.S. Navy to simultaneously deploy two strike groups each comprising an aircraft carrier and escort ships to the West Pacific. Analysts believe the move is aimed to hold the Chinese military in check in light of the recent tension between Tokyo and Beijing over the islands in Okinawa Prefecture in the East China Sea. The deployment is also believed to be a response to China’s launch of its first aircraft carrier in September.

According to Strategic Forecasting Inc., a U.S. private information firm known as Stratfor, and others, the George Washington Strike Group sailed northwest after training off Guam, arriving in waters east of Taiwan on Wednesday. The Stennis was deployed near the Senkaku Islands on Sept. 26 before passing through the South China Sea, and is currently operating in waters near Malaysia, according to Stratfor and others.

Japanese government sources agree that the deployment of the two strike groups was prompted by the tension between Japan and China.

The U.S. government has stated that the Senkaku Islands "clearly" fall under Article 5 of the Japan-U.S. Security Treaty, which requires Washington to defend Japan in the event of an armed attack.

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