Dear CIGAs,
While I was watching the wall to wall Inauguration coverage of Barack Obama there was a “man in the street” segment on one of the networks where people were being asked “What should the new President do about the troubled economy?” One man said “He should give money to all the homeowners who are [...]

Jim Sinclair’s Commentary
Does anyone see a trend here?
Daschle Fixes Tax ‘Issues,’ Has Obama’s ‘Confidence’ By Robert Greene and Hans Nichols
Jan. 30 (Bloomberg) — Tom Daschle paid back taxes and interest to fix “issues” identified when preparing to be President Barack Obama’s nominee as Health and Human Services Secretary, White House spokesman [...]

Jim Sinclair’s Commentary
There are economic laws even if the lawless demons of the Hedge Funds deny their existence. It is these laws that will lay low the many Crocouses of today. They can hire their legions of attorneys but their heads will be on the stake.
On Public Credit
by David Hume  (26 April 1711 – 25 [...]

Jim Sinclair’s Commentary
As long as the uptick rule is absent from the market a 1930s type rally in equities cannot be sustained. That is fact.
January 25, 2009, 6:01 AM EST
Relevant excerpts:
 The latest attack on short selling could come in the form of a reinstatement of the so-called uptick rule, which requires that a stock moves [...]

Dear CIGAs,
What happens if more auditors are forced out of business, how do we get comfort with the accuracy of statements? Audit fees will skyrocket for those firms left in the business. One of the USA’s few advantages is the honesty and efficiency of its auditors, and now that is being called into question. Of [...]

Dear CIGAs,
The first set of charts below is a set of monthly gold charts showing the price from 1970-jan 2009 in several formats, one of which is an inflation adjusted price along with a log chart.
The second set of charts is gold and silver in Euro terms. I wanted to especially show the strong euro [...]

Dear CIGAs,
Gold buying accelerated as Europe opened for trading in the overnight hours here in the States with the currency crisis the main factor propelling European based gold prices sharply higher. Paper is definitely OUT in Europe and metal is in. I suppose what is so revealing about this is that is marks an abrupt [...]

Jim Sinclair’s Commentary
Extremely good comments from an extremely gifted intellect.
Jim,
Now the most dangerous phase of the fiat money and credit cycle begins,
The extent of last year’s financial collapse caused deep systemic shock and insecurity to world governments, democratically elected political leaders by their nature are insecure and need to believe they operate within a predictable [...]

Jim Sinclair’s Commentary
Is it possible that protection of the Hedge Fund bullies has run its course?
It is possible the destructive bullies like JO have shot their wad but don’t know it.
Is the end of all this misbehavior and destruction of value finished by Madoff and the displays of Wall Street disdain for normal humanity?
How about [...]

Dear CIGAs,
It looks like someone forgot to tell the US equity markets that they were supposed to be “stimulated” by passage of the $825 billion and rising “stimulus” plan approved by the Dems in Congress last evening. Then again perhaps investors looked at the plan and were not “stimulated” by its details since all those [...]