Home >> May, 2009

A Special Thanks From the Class of 2009 to the OTC Derivative Manufacturers and Distributors

Posted on: Sunday, May 31st, 2009 in: General Editorial

Dear CIGAs,
They stole the jobs of millions in order to create their own trillions.
They built nothing at all, they created nothing at all, yet they have ruined it all.
They destroyed the American dream to fulfill their grotesque greed. The cost of their smiles is the tears of millions, yet they walk free of blame for [...]

In The News Today

Posted on: Sunday, May 31st, 2009 in: In The News

Dear CIGAs,
Is this a nightmare or am I actually reading “BY NATIONALIZING GM”?
As the story broke a mini rally in the US dollar flopped.
U.S. Details Plan to Rescue G.M. Through Bankruptcy
Sunday, May 31, 2009 — 9:58 PM ET
WASHINGTON – President Obama will push General Motors into bankruptcy protection on Monday, making a risky bet that [...]

Jim’s Mailbox

Posted on: Sunday, May 31st, 2009 in: Jim's Mailbox

Dear Jim,
I remember about four years ago you predicted that starting with the development of Kabanga, Barrick’s primary source of revenues would eventually come from its nickel properties as opposed to gold. I can’t remember whether you said you made this prediction to Barrick’s then-President or whether you made it in the abstract. Well, too [...]

In The News Today

Posted on: Saturday, May 30th, 2009 in: In The News

What does a large new short do when DIRTY TRICKS FAIL.
1. Sell the stock as gold rises to unsettle the weaker hands 2. Work the charts, certainly at a gap close, that coincides with the most meaningful downtrend to work the day and inter-day traders.

Jim Sinclair’s Commentary
In this very interesting article three [...]

Jim’s Mailbox

Posted on: Saturday, May 30th, 2009 in: Jim's Mailbox

Dear Jim,
I starting reading a book today called "Patriots" by James W. Rawles, who founded survivalblog.com. This is a "fictional" story but it is really Jim Sinclair on steroids. I read the first six pages and got terrified. He makes a good point along the way after he mentioned gold going to $5,100. The people [...]