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) — [...]