Posted at 3:07 PM (CST) by & filed under General Editorial.

My Dear Friends,


This illustration was drawn for the last rally in gold and is uniquely correct. It does however provide a warning that trying to maximize profit by waiting for the last magnet can be very difficult. Be that as it may, its accuracy on the bull move was a great assistance to the traders. I intend to expand this illustration to $3500 which, in my opinion, will be the only considerable resistance to the next great gold/currency reset on its way to $50,000 or more.

Keep in mind that each gold bar acts like a magnet putting demand into gold market prior to some sort or reaction. Looks at this as a sort of Fibonacci or momentum indicator. Clearly the inability to rise above a bar followed by a drop back through the previous bar is not good news. The opposite is a reason for celebration by the bull. Bill and I publish this now only because the manipulators have clearly lost their nuclear mojo of previous years, with the bulls asserting themselves in a way not common to the past few years.

Here is a simple message for the gold producer. Why sell gold sat $1058, a key number for Jesse Livermore’s system, instead of in the $2000s, where the price of gold is headed now.

I wish to give credit where credit is due. I wish to thank Monty Guild for finding this illustration in a 1923 edition of the Wall Street Journal.

My birth name was Jesse E Seligman. The rest is a long story based of the courage of my father. He was the greatest of the of lone wolf traders in the business. Bertram J. Seligman was born from the line of David Seligman. The history of the Seligman family can be found in the book titled “Our Crowd”. My father traded like a old master painted and acquired control of businesses along the line of Thermo King, Hayloid Xerox, Inflight Motion Pictures, The Pink Sheets with the Walker Brothers and multiple others. He worked during his career with Jesse Livermore and was an partner of old man Kennedy before he headed the SEC.

Gold and silver will be the last men standing.



The $2025 Gold Magnet’s Math

You could solve this by factoring:

2025 Magnet



(maybe at this point we recognize 81=92, but let’s continue pretending we don’t)




and we have completely factored the given value.

Group the factoring in pairs of equal value:





Posted at 9:11 AM (CST) by & filed under In The News.

Bill Holter’s Commentary

Wouldn’t it be cool if harmony amongst nations was like this? Please enjoy this as we did!

Posted at 3:06 PM (CST) by & filed under In The News.

US Drops Largest Ever Non-Nuclear Bomb Targeting ISIS Cave Complex In Afghanistan
April 13, 2017

The US Air Force has dropped the ‘largest ever non-nuclear bomb’ targeting ISIS caves in Afghanistan.

The GBU-43/B Massive Ordnance Air Blast Bomb — nicknamed the “Mother of All Bombs” (MOAB) — was dropped in at 7pm local time today (4pm UK time).

A crater left by the blast is believed to be more than 300 meters wide. Anyone at the blast site will have been vaporised.


Bill Holter’s Commentary

Please watch this 44 second video. This is either a stallion protecting his herd or a mare protecting her baby because they understand “nature”. The snowflake heard saying “oh, just leave it alone” obviously does not know nature and illustrates the problems we have in today’s world. She should try petting a horse versus an alligator, the horse may not let her do it while the alligator will definitely bite the hand that feeds it …and very similar to what we see in today’s “the world owes me a living” society. We all have a rude awakening coming, none more than these well-meaning snowflakes. EVERYTHING is about to change, including attitudes.

Video Captures Wild Horse Attacking Alligator In Florida Park
April 12, 2017

(WSVN) – A group of friends hiking near Gainesville caught a strange sight in their path: a fight between a horse and an alligator. And it appears the horse emerged victorious.

Fox 13 reports that the group was watching wild horses grazing in a field, along with a baby horse. That’s when they spotted an alligator approaching.

“The alligator walked beside them and paused,” Krystal Berry said. “The horse kicked the alligator, which made it waddle across the trail. Then the horse started attacking again.”


Posted at 11:05 AM (CST) by & filed under Jim's Mailbox.


Make no mistake, this is the start of a trade war.

CIGA Wolfgang Rech

Daily Gold Charts

Dollar Crashes After Trump Says “Dollar Is Getting Too Strong”
April 12, 2017

It was bound to happen sooner or later: having flipflopped on virtually everything else, moments ago, in an interview with the WSJ, Trump also backtracked on his strong-dollar policy and in an interview with the WSJ, has said that the “US dollar is getting too strong”, that the “strong dollar will ultimately hurt the US’, and as a result, he prefers a low interest rate policy.

The headlines from Dow Jones:


Jim Sinclair’s Commentary

My personal opinion is that this is post June of 2017. Courtesy of CIGA Gijsbert.

Man Who Advises Top Sovereign Wealth Funds In The World Says All Hell Is Going To Break Loose In 2017
April 12, 2017

On the heels of a wild start to the second quarter of the 2017 trading year, today King World News spoke with the man who advises the most prominent sovereign wealth funds, hedge funds, and institutional funds in the world.

Michael Belkin: “Everything leads to gold (in 2017). Gold is the undiscovered asset. Most institutional investors have not been interested in gold because they think the Fed is raising interest rates and the economy is strong. And yet today, what happened? Gold and silver took off…

Michael Belkin continues: “Gold and silver both rose above their 200-day moving averages. With a sudden surge late in the day, Trump came out and said the dollar shouldn’t be so strong. The dollar sold off and gold and silver took off (to the upside).


Posted at 11:09 AM (CST) by & filed under In The News.

My Dear Friends,

When as a kid I owned “Sinclair Global Arbitrage”, there were no same similar trade items international as there are today. That made arbitrage a game for the thick-skinned pros. As kids that made no difference to us.

Very soon some of my generation will see old fashion risk arbitrage opportunity between all these experiments supported by the government to eliminate currency internationally and input some order into the funny smelling stew of Nintendo games called Cripto currency as now.

These are presently supported by central banks as trial balloons for when you can no longer have currency in the US and elsewhere but only live on Cripto-money (should be called Cliptoe) so no secret will ever exist again except in gold and silver. Gold never talks, unless you do or are inept in how you handle it.



CME Group Is Launching A Gold-Trading Platform Inspired By Bitcoin
April 11, 2017

Pretty soon, pension funds and other institutional traders will be able to buy and sell gold on a platform inspired by the digital currency bitcoin.

U.S. futures and options exchange CME Group announced on Tuesday that it is in the final stages of testing a venue for trading spot gold that’s based on the blockchain, the pioneering distributed-ledger technology that powers the bitcoin network.

CME built the platform in partnership with the U.K. Royal Mint, which has helped supply $1 billion in gold bullion to back transactions executed on the network. Blockchain companies AlphaPoint and BitGo helped develop the software and trading platform.


Bill Holter’s Commentary

2017 the year of the truth bomb…and from a British Ambassador no less!

Truth Bomb Dropped Live On BBC By British Ambassador Goes Viral
April 10, 2017

Former British Ambassador to Syria, Peter Ford, refused to go along with the BBC propaganda on Syria and dropped a truth bomb live on air yesterday.

Fed up with the state sponsored propaganda from the very start, Peter Ford dispensed with niceties and disagreed on every level possible with the very first question put to him by the BBC host

Referring to claims that Assad is responsible for the chemical attack in Syria, the BBC host said, “That’s a statement of fact, right?”


Bill Holter’s Commentary

For those who do not understand this chart, when rates go up/bonds go down in value. The chart is illustrating that “duration” (average length of maturity) has never been longer than now. The longer the maturity, the more the volatility …so, when rates do eventually go up, the losses will be greater than ever before for two reasons: the outright amount of bonds outstanding AND duration has never been longer! Please keep in the back of your mind, the inflows into the debt markets by “retail” have been huge recently. Is the little guy ever right?

Gundlach: Duration has never been this long in my career… it is the worst possible set-up versus history.



Posted at 9:50 AM (CST) by & filed under Jim's Mailbox.


Many people ask me “why.”

Why is everyone fighting in Syria? Is Assad the evil murderer and we must get rid of him?

Hardly. It’s all about Natural Gas pipelines.

For those confused, here is a map explaining the crux of the whole Syrian debacle.

“The map shows the competing Shia (Russia-backed) and Sunni (U.S.-backed) gas-pipelines into Europe. Robert F. Kennedy Jr. wrote an excellent piece titled “Syria: Another Pipeline War” that explains in detail the players and the game. You can read that here.”

CIGA Wolfgang Rech

Global Chess May Ignite ‘Most Powerful Gold Rally in History’
April 11, 2017

I’ve written since last year that we are approaching a dangerous time that lends itself to war, volatility, and in many parts of the world, revolution. Dangerous because the “powers that be” — central banks, governments — that are usually in charge of manipulating order are the institutions actually causing the chaos this time.There were several important developments last week — some obvious, some not so obvious — that provide important clues as to how this may play out.

The obvious event that everyone paid attention to was the 50-something barrage of missiles fired off at a Syrian air force base in what was said to be a response to the horrific chemical weapons attack that someone perpetrated on civilian men, women, and children.Although the missile strike was not said to be part of a permanent campaign in Syria there has clearly been a change in policy that Russia has been quick to denounce.

The response wasn’t exactly sugarcoated either. A statement issued on Sunday — and reported by Zero Hedge — by a joint command centre consisting of forces of Russian, Iranian, and allied militia supporting Syrian President Bashar al-Assad said that Friday’s U.S. strike on the Syrian air base crossed “red lines” and it would “respond with force” to any new aggression while increasing its level of support to its ally.


Bill Holter’s Commentary

Courtesy of CIGA Larry

Bank of England Rigging LIBOR – Gold Market Too?
April 11, 2017

– Bank of England implicated in LIBOR scandal by BBC

– “We’ve had some very serious pressure from the UK government and the Bank of England about pushing our Libors lower.”

– “This goes much much higher than me” -UBS’ Tom Hayes

– Libor distraction as all markets are manipulated today


Posted at 12:34 PM (CST) by & filed under Jim's Mailbox.

Wolfgang, I don’t believe you will be “anxious” about the PM’s much longer. Your angst will more likely shift to daily life



Whenever I feel anxious about the precious metals markets and my helplessness at manipulation, I glance at my “Chart of Inevitability” to soothe my soul.

CIGA Wolfgang Rech

Approaches to Capping Gold’s Price Rise.

None Are Viable Remedies.

Sell physical (not viable): No one owns enough to matter.

Sell short Comex paper (not viable): Unlimited shorts in precious metals (and precious metals only) are overlooked by regulators in the U.S. (although illegal). But the physical, which is priced off this, will be drained by the East, as countries like China and Russia take advantage of the abnormal pricing.

Raise interest rates (not viable): Makes alternative interest rate based investments competitive with gold. However, hurts economic (consumer) recovery, hurts government (Federal/State/Municpal) funding of existing and future debt, hurts corporate debt funding, etc.

Buy Dollars (not viable): Hurts our trade balance, and hence economic activity, as U.S. corporations become priced out of international markets.

Promote World Peace (not viable): Will hurt America ’s defense contractors like Boeing, McDonnell, Grumann, etc. which make up a massive portion of GDP.

Encourage equity speculation (not viable): Although a nice diversion for investment dollars, it creates an unsustainable bubble, which when burst, brings on a near depressionary environment that must be resolved with excess monetary stimulation.

Conclusion: Gold will prevail, despite all efforts of subterfuge. Will volatility be encountered? Of course. But none of the remedies are lasting, whereas gold’s inherent qualities are!

Posted at 11:49 AM (CST) by & filed under In The News.

Jim Sinclair’s Commentary

Forget high end restaurants closing in NYC.

If you think NYC’s high end restaurant closings are significant, it is nothing compared to this.

Just imagine what this will do to jobs in NJ, the Garden State, the most densely populated state in the nation. This will create extreme hardship from lost retail sales, not to mention the fall out to manufacturers, packagers, labourers, truckers and other delivery services. Every other industry in the chain of sales will be effected from the ripple effect. Credit and stocks will not be immune from this fallout either.

Retail Collapse: The 23 Biggest Chains Closing Stores This Year
March 25, 2017

Closed for business

The start of 2017 has been merciless when it comes to retail store closings. This year, analysts say online shopping has continued to take its toll on even the most popular brands.

Is your favorite retailer closing shop?

Check out our list of the biggest chains closings stores this year.


In early 2016, Walmart announced plans to close 154 stores, but none of the affected stores are in New Jersey. The 19,000 employees at Walmart’s 70 stores in New Jersey are safe, according to spokesman Aaron Mullins.