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 [...]