Dear CIGAs,
For anyone that thinks the mortgage reset problem is over, a review of the following from Credit Suisse is mandatory. First the average guys get killed then the leveraged big boys go down hard.

 
Jim Sinclair’s Commentary
The growth business of 2009 – 2012 is prison-run Organized Crime, symbol PROC, now estimated at 150,000 trained and [...]

Click here for this month’s action in Gold in various currencies, Silver, the Broad Dollar Index and SPDR (GLD) Gold holdings with commentary from Trader Dan Norcini

Dear CIGAs,
1. The change is not abrupt. It has been cooking for years.
2. Yesterday the change was set in cement as completed.
3. GM is only the first.
4. From now on rather than public corporate management looking to stockholders, their vision will be towards Washington from whom they will take their clues to act.
5. Finance, having [...]

Jim,
This is very disturbing. You may have seen this already but it is a tutorial that explains how the toxic assets are taken off of the bank’s books and given to the American citizen via the FDIC guarantee. The real kicker is the banks can do all this by purchasing the toxic assets from [...]

THINGS ARE A LOT MORE COMPLICATED THAN THEY SEEM
One of the purposes of these pages is to give information in an understandable way to those who are not burdened with a PhD in economics or financial engineering.  Those benighted souls will have to deal with their disabilities on their own.  We try to make [...]

Dear CIGAs,
Mining equity bulls are finally showing some mettle in today’s session and seem to be attempting to dig in their heels after yesterday’s poor performance in the HUI and the XAU. Both indices are currently trading near session highs although the broader equity indices are also higher today in contrast to yesterday’s selloff. Trying [...]

Dear CIGAs,
Last weekend the President’s meeting with the bankers at the White House was a repeat of the JP Morgan meeting with the then bankers, but this time the meeting ran into a problem. Even if the banks could cooperate, who is going to borrow?
The meeting with Jesse Livermore ran into the richest lobby effort [...]

Dear CIGAs,
News Flash –  the Obama administration has ordered mandatory restroom use times for all Americans based on age. Those between the ages of 15 – 55 will be permitted to go three times a day at 9:00 AM, 4:15PM and 8:00PM. Those below and above that age bracket can utilize bathroom facilities more frequently [...]

Dear CIGAs,
Jim Sinclair’s Commentary
What you do not read in the US press or hear on Bloomberg TV is the Germans who have experienced the Weimar Republic and know how it works and firmly believe the US is taking the world directly there again.
The Germans are 100% correct.
The Germans are painted in the GB and US [...]

Dear CIGA Green Hornet,
The Guarino article on Black Scholes model, derivatives in general and market forecast stands on a premise that is totally incorrect.
This article can be characterized as the “Black Hole” thesis. It says that all the bailout funds disappear into some loss entity within the balance sheet of the losing side of the [...]