Dear CIGAs,
As a pilot myself, I do not like flying connector airlines. Generally they use low hour pilots that look to me as if they might just be out of grade school.
The recent and terrible accident in Buffalo, NY, wherein the commuter aircraft did a total pratfall (belly first, straight down) means their ship stalled [...]

Click here to view Monthly Gold Closing and Inflation Adjusted Gold charts with commentary from Trader Dan Norcini

My Dear Friends,
“Vlad III, Prince of Wallachia, more commonly known as Vlad the Impaler (Vlad Ţepeş in Romanian), also known as Vlad Dracula, or simply Dracula (1431 – December 1476), was a Wallachian (present-day southern Romania) voivode. His three reigns were in 1448, 1456–1462, and 1476. Vlad the Impaler is known for the exceedingly cruel [...]

Dear CIGAs,
News that the Feds were converting their preferred shares of Citi into common shares was enough to knock the snot out of that stock and that served to drag the financials down lower. Citi was whacked for 28% as I pen this. If you want to see a genuine horror story, pull up a [...]

Dear CIGAs,
The following is the nature of all the beasts.
2 Money Managers Held in New Wall St. Fraud Case By ZACHERY KOUWE February 26, 2009
For two decades, Paul Greenwood and Stephen Walsh looked like Wall Street wizards.
Their supposed investment prowess lured hundreds of millions of dollars from [...]

Dear CIGAs,
Sometimes it is a worthy exercise to try to stand back a bit from the closeness of the one minute bar chart and reflect a bit and ponders the action of markets, which is of course another way of saying the thought patterns of investors whose actions then result in movements in price. When [...]

Obama last evening:
"All we have to fear is fear itself." If you were not already concerned that this experience, as Paul Volcker recently told us is extremely serious and probably a long term one, the use of the Franklin D. Roosevelt’s message should concern you. This is a 1929 redo times 2.
The Process of the [...]

Jim,
Am I the only one with a smirk on my face? There is no better indication of what banks will and will continue to do under "stress" than the breakdown of total bank credit through 1/1/09. There’s little change from previous months.
Get ready for nationalization if these trends continue.
CIGA Eric
Big Banks Get Ready for [...]

Dear CIGAs,
My wife and I were out to lunch with a friend of ours and she asked me ,” When is the economy going to get better?” If you saw Fed Chairman Ben Bernanke’s testimony in the Senate yesterday, the answer is 2010. Of course that answer came with big caveats such as the 887 [...]

Dear CIGAs,
Gold has now switched gears once again and instead of following the Dollar up and down, after of course having moved mostly inversely to it for the larger part of the entire bull market in gold, seems to be  trading inversely to  the US equity markets. In other words, stocks go up, gold goes [...]