Jim,

George Soros calls CDS `Instruments of Destruction’ and adds they need to be outlawed.

Click here to view the video…

He says that bondholders with CDS like those of GM gets more benefits on bankruptcy than on reorganization. In his own words: " it is like buying insurance on someone else´s life and owning the license to kill him"

Regards,
CIGA Christopher

Dear Christopher,

The description above of CDS is correct, but the chances of getting rid of this is equal to the chances of getting rid of the Banksters.

Possible, but not probable.

Regards,
Jim

Jim,

Side By Side Analysis:

(1) US TBd (20 Years +) and the Commercial Traders COT Futures and Options Stochastic Weighted Average of Net Long As A % of Open Interest

(2) 30-Year TBD Yields

Comments:

“The 28 year long bond up-trend-line will be defended by the Fed no matter the cost.” – Jim on JSMineset.com.” This is what the defense looks like on paper.

CIGA Eric

Dear Jim,

I thought I’d send you an update as lots of people think gold might have formed a double top. Technically speaking odds are still much higher this will end up being an ascending triangle pattern. The weekly Royal Gold chart pattern is corroborating those assumptions. The triangle pattern is becoming more and more obvious. Royal Gold is the high quality stock out there. As long as it doesn’t fall back below 38-39 it is my belief it will lead gold and the mining stocks on their way to higher prices.

All the best,
CIGA Olivier
www.tischendorf.com

Here’s the link to the chart:

http://stockcharts.com/def/servlet/Favorites.CServlet?obj=ID2791469&cmd=show[s158290387]&disp=P