Viewing articles by Jim Sinclair

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Dear CIGAs, Today the Fed entered the off balance sheet credit default market and plans to buy unsecured debt instruments in order to cure the problems caused by off balance sheet credit default derivative buying in the form of non-performing failed counterparty credit default derivatives. This appropriately named toxic paper will be purchased to an… Read more »

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Dear Friends, Please understand that the Fed reacts to circumstances rather than acting before potential problems happen. If the Fed hadn’t taken the rather strange action they took today by becoming OTC derivative dealers themselves this would have been the day the USA banking system imploded. Watch Libor rates to signal the point of detonation…. Read more »

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Dear CIGAs, Gold is the ultimate currency when others fail as a store house of values. Gold has no liability attached to it. Gold is universally fungible. Gold is an appreciating asset on the balance sheets of central banks.. Gold will trade at $1200 and $1650. Of course gold bottomed on its first break from… Read more »

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Jim Sinclair’s Commentary Read this as OTC derivatives kill more and more. Another Fund Heavily Used by Schools Is Frozen By JOHN HECHINGER in Boston and CRAIG KARMIN in New York A second investment fund offered by investment adviser Commonfund froze most withdrawals this week, posing possible financial strains for the 200 colleges and schools… Read more »

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Dear International Friends, Maybe you should consider a visit to your local bank for their abbreviated Saturday hours.. What do you have to lose? That all depends on how much you have deposited there… I have no doubt that $1650 will come. My concern is not that it will not happen, but that I am… Read more »

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Thought for the weekend: The entire financial world hangs by the LIBOR rate. It better drop Monday morning and stay down or it has all hit the fan. Jim Sinclair’s Commentary The question is will you lose your pension? The uncomfortable answer is probably YES. Check out Bear and Lehman. Don’t forget GE is a… Read more »

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Dear CIGAs, Walter J. “John” Williams informs us that: Fed Began Sidestepping No “Bailout” Before First House Vote – M1 and M2 Annualized Surges of 800% and 200% are Panic Distortions (Offset in M3). Visit John’s site at www.shadowstats.com Dear CIGAs, As Jim points out, financial collapses happen on weekends. We look for major European… Read more »