My Dear Friends,
My 2nd full day in China is coming up with a full list of meetings with Beijing business and government people.
A total reversal in time is actually an easier transition to handle than less hours. You just need to fight your way through that late afternoon fatigue.
I assure you of the serious nature [...]

Dear CIGAs,
JB Slear asks what is in your garage?

Jim Sinclair’s Commentary
There are green shoots here. I know it. Just a minute now, I will find them.

Jim Sinclair’s Commentary
States are bracing for shutdowns. Other states are right behind California.
The Formula of 2006 is so far on the money, yet few will yet accept the final outcome [...]

Jim,
BIS warns about risk of inflation.
I wonder if the BIS is not used to warn politicians to keep central banks independent from political interference.
Unfortunately, I believe this won´t happen as we have seen lately.
Regards, CIGA Christopher
Dear CIGA Christopher,
Central Banks will fight the market pull on interest rates via Quantitative Easing all the [...]

Dear Friends,
It has been a busy day here. China is not just talking, but preparing for what we know is coming in 127 days.
I am entirely on the other side of your clocks so I will sign off for today. I will post in your evening time.
Don’t let the goons get you down. Their season [...]

Dear CIGAs,
I am not sure what to make of today’s price action across a wide variety of commodity markets as it was one of the more bizarre sessions I have seen in some time. Considering the price action the last few months, that is saying something.
Last evening crude oil put on some sort of inexplicable [...]

Dear Friends,
The hotel is decadent in its comforts. It arguably tops the palace of Versailles.
It is 5 AM so that is a good sleep for night number one. I received full VIP treatment at the airport to the fullest extent imaginable.
No customs. Met by airport staff. Identified my bags. [...]

Dear Friends,
The management of perceptions concerning the Chinese dollar position is that it is only talk pointing to what is interpreted as a flip flop between unfavourable statements to the dollar last week from the highest of sources to statements today that this is not quite true. The people who write this have no sense [...]

Jim Sinclair’s Commentary
Eradicate the poppy plantation and you eradicate the Afghan farmer, the economy and the Afghan political middle management.
They will not like the West ruining their primary cash crop without replacing it with something of equal value. How about Banga?
US says Afghan poppy eradication ‘failure’ Sun, 28 Jun 2009 23:38:38 [...]

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

Dear CIGAs,
This movement away from the Dollar is gaining momentum. It appears to me that we are witnessing the early stages of a global consensus that the Dollar can no longer be the SOLE reserve currency. What many do not seem to realize is that currency risk due to foreign exchange volatility is a huge [...]