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Jim Sinclair’s Commentary
A hint for the market "Wise Guys."
We are so very close to the geopolitical event that will not be faded into the marketplace.
Definition: To "Fade" is to trade counter-trend.
1. Israel makes a miscalculation.
2. Pakistan goes nuclear.
3. Both of the above are 5th column operations, not in control of those in control.
Jim Sinclair’s Commentary
In a generic sense, and under no circumstances referring to the company below:
Is it paper gold, OTC derivatives written on gold by Lehman, Bear, UBS, or Gold as in the stuff that is heavy, shiny and .9995 pure or better?
Have you read the prospectus? If not, please do.
Only the Shadow knows!
Biggest Gold ETF Holds Its Weight
‘Positive Sign That Demand Is Firm’
By ALLEN SYKORA
Holdings in the world’s largest gold exchange-traded fund are at a record level as 2008 winds down, providing some healthy optimism for the market in coming months.
Metal held by SPDR Gold Shares (trading symbol GLD) climbed to 705.90 metric tons on July 11, before backing down to 614.35 in mid-September amid a liquidation selloff throughout the commodities complex. Since then, holdings are on the rise again.
The SPDR Web site shows the holdings at a record 775.33 metric tons each business day since Dec. 17. This represents an increase of 23.5% from 627.88 metric tons at the end of 2007.
Holdings in the world’s main silver ETF, iShares Silver Trust (SLV), are near their all-time high. They stand at 6,792.99 metric tons, not far below the peak of 6,901.41 in late September.
Rising ETF holdings are generally described as supportive for a commodity such as gold or silver, because it generates actual physical demand, analysts say.
Jim Sinclair’s Commentary
Hamas is a side show compared to Pakistan. A fresh offensive against the militants? Who are you kidding?
India to Pakistan: Shut down terror camps
Tue, 30 Dec 2008 18:41:17 GMT
India calls on Pakistan to dismantle terror infrastructures on its soil and take an immediate action against those behind the Mumbai siege.
Foreign Minister Pranab Mukherjee on Tuesday demanded Pakistan to dismantle about 30 terrorist camps situated on the Line of Control in divided Kashmir.
Mukherjee also rejected Islamabad’s claim that New Delhi had mobilized its army and air force in the aftermath of November’s attacks, saying Indian forces had only conducted a routine annual winter exercise.
The minister also emphasized that India and Pakistan will exchange information and take confidence-building measures over the two neighbors’ nuclear capability on January 1.
Mukherjee insisted that India would continue to put pressure on Pakistan through diplomacy.
Pakistan kills 3 in Afghan supply route operation
By RIAZ KHAN Associated Press Writer © 2008 The Associated Press
Dec. 31, 2008, 8:56AM
PESHAWAR, Pakistan — Pakistani troops killed three militants in an operation to secure the major supply route to U.S. and NATO troops in Afghanistan, an official said Wednesday.
The route through the famed Khyber Pass remained closed for a second day because of the operation but will hopefully reopen soon, said Fazal Mahmood, a local official.
The U.S. military has praised the campaign and said the temporary closure of the road was not a problem.
Western forces in landlocked Afghanistan rely on the winding, mountainous road for delivery of up to 75 percent of their fuel, food and other goods, which arrive in Pakistan via the port city of Karachi.
Militants have staged repeated attacks on supply convoys heading along the pass across Pakistan’s western border to Afghanistan, where fighting is escalating seven years after a U.S.-led invasion toppled the Taliban regime.
Jim Sinclair’s Commentary
Beanno works. Happy New Year. Maybe I should say good night, and stop posting?
Russia-Ukraine gas talks ‘fail’
Talks to resolve a gas supply row between Ukraine and Russia have failed, the chief executive of Russian gas giant Gazprom has said.
Alexei Miller said gas supplies to Ukraine would be cut on Thursday but that Russia would do its best to guarantee supplies to Europe.
Russian PM Vladimir Putin earlier claimed that Ukraine would block supplies to Europe if no deal was done.
Ukraine denies owing money to Gazprom, and says it has guaranteed gas transit.
Russia said they would "fully, 100%" cut Ukraine’s supply from 0700 GMT.
There was no immediate comment from Ukrainian state energy firm Naftogaz.
Jim Sinclair’s Commentary
The revenge of the blue collar backbone of nations.
Power to the people.
Vote NO to unbridled greed and white collar CRIME.
Buy ONE Gold coin, and take it home!
Investors dumping dollars, going for gold
12/31/2008
by Max Marbut
British poet George Gordon Noel Byron included that line in “Don Juan” early in the 17th century. That same sentiment is ringing true today for investors all over the world. As currency markets become unstable and projections head for the cellar, gold — one of the oldest measurements of wealth — is heading up in all forms.
The devaluation of the U.S. dollar has had a significant impact on the demand for, and therefore the price of, gold. A common way to invest in gold is to buy solid gold coins, which are struck by the U.S. Mint (part ot the U.S. Treasury Department) in West Point, N.Y. The Mint manufactures a variety of platinum, gold and silver coins in various denominations and weights up to the one-ounce American Eagle coins.
Each coin weighs 34.1 grams, with 32 grams (or 1 Troy ounce) of pure gold and an alloy metal which allows the metal to be durable enough to manufacture the coin.
The demand for the coins reached such a point in 2008 that those who sell gold coins were notified in November by the Mint that with the exception of the American Eagle Gold One-ounce and American Eagle Silver One-ounce bullion coins, all 2008-dated bullion coins have been depleted. Introduction of some new 2009 coins has also been pushed back.
The Mint can’t currently get enough of the “blanks” which are used to “strike” the coins, said U.S. Mint spokesperson Michael White. He described the 2008 demand for precious metal coins as “unprecedented.” In fact, after years of decreasing demand for the coins, demand tripled in 2008 compared to 2007 (see chart).
Jim Sinclair’s Commentary
White collar crime is not the only cancer that GOLD fights.
Gold Nanoparticles Don’t Just Look Pretty, They Fight Cancer
Jason Mick (Blog) December 31, 2008 1:20 PM
Gold has fast become one of the most promising materials for building devices on a nanoscale level thanks to a number of favorable properties. Among the applications of gold nanodevices is the use of gold particles to deliver drugs. Gold nanoparticles range from small nanoclusters up to larger, more complex nanostructures.
MIT researchers used the latter to create one of the first examples of atwo-drug delivery system.
Frequently, medical problems such as AIDS or cancer are best combated by a mix of drugs; however, drugs typically have different intervals they have to be taken on. Thus, merely injecting a mix of nanoparticles coated in or containing drugs would not be sufficient. A more complex delivery system was needed.
The MIT researchers decided to make use of an important property of gold nanoparticles. Gold nanoparticles, based on their size and shape melt when exposed to certain wavelengths of infrared light. In the case of drug-carrying hollow gold nanoparticles, the melting process can release drugs at specific locations in the body.
To implement a two drug delivery, researchers used two types of large hollow nanoparticles — longer ones, which they nicknamed "nanobones", and shorter ones, which they nicknamed "nanocapsules".
