Click here to view today’s Fed Custodial Holdings charts in PDF format with commentary from Trader Dan Norcini

Dear Jim,
This article from Bloomberg reinforces the point that I made yesterday in our weekly email that banks will be forced to buy government bonds to help the government get rid of them. The forced bond purchases may happen in several countries, not just the US.
Respectfully yours,
Monty Guild www.GuildInvestment.com
Dear Monty,
I will give [...]

Dear Friends,
The stairs on the Golden Ladder that will be climbed are:
$900 $961 $1024 $1089 $1156 $1224
The steps on the USDX us dollar are:
.8200 .7200 .6200 [...]

Click chart to enlarge today’s hourly action in Gold in PDF format with commentary from Trader Dan Norcini

Jim Sinclair’s Commentary

Faber is wrong as increasing interest rates are meaningless as a tool to stop hyperinflation which is a currency event. How in the world can Farber not understand that axiom?
U.S. Inflation to Approach Zimbabwe Level, Faber Says (Update2) By Chen Shiyin and Bernard Lo
May 27 (Bloomberg) — [...]

Dear Friends,
If it is too expensive to buy all the bonds in the world to support that market, then go for supporting the dollar at a lower cost for this day is most certainly on the Asian time schedule.
You do this hoping that the dollar appreciation will offset the terrible bearish nature of the Treasury [...]

Thanks Jim for your reply,
It looks like miners are changing the rules again. Having paper certificates will not be tolerated comrade – turn in your paper for digits – argh!!! Further insult after a reverse split.
15. Will I receive new paper stock certificates?
At the same time it is implementing the reverse stock split, Coeur is [...]

Dear CIGAs,
THE NUMBER ONE TREND-A WEAK DOLLAR
The U.S. dollar is weak, and the U.S. administration has no choice but to continue to allow the currency to weaken.
As we have pointed out in these pages many times, the U.S. has to finance huge budget deficits for this year and for the foreseeable future.  This must [...]

Dear CIGAs,
Once again, as was the case in yesterday’s session, dip buyers were lurking beneath the market to take advantage of any setback in price to buy. Their buying took gold back into the plus column after the wee bit of Dollar strength emboldened the usual gold sellers. It sure seems to me that the [...]

Dear Friends,
Let’s first deal with my actions in the financing of my public company. I hope no stockholders get the wrong idea, but even though I intend to live to at least 108, should that expectation be wrong there is a key man insurance policy in place which, if triggered, would carry the company for [...]