Click here to view this month’s action in Gold in various currencies, Silver, CCI and HUI with commentary from Trader Dan Norcini

Dear CIGAs,
We could add the following if you wish to clarify our feeling on gold more exactly: ”A concerted effort to hold gold down by bullion banks has left it temporarily in a trading range. We suggest buying on dips as the US dollar must certainly fall and gold will certainly rise, in our opinion. [...]

Jim,
The media is currently spinning the stock market’s best July gains since 1989 & 1997. It is important, however, not to lose sight of the forest through the trees. While the rally in July was certainly impressive in both nominal and real terms*, it remains a small up-tick within the context of a secular bear [...]

“Protecting yourself and your family is not an action for the faint of heart or downright dedicated cowards.
–Jim Sinclair
“The bravest are surely those who have the clearest vision of what is before them, glory and danger alike, and yet notwithstanding, go out to meet it.”
–Thucydides, 471 B.C.

Jim Sinclair’s Commentary
The financial industry, those just bailed [...]

Dear CIGAs,
The Dollar had the stuffing slapped out of in today’s session and as it collapsed, gold shot up and through several resistance levels rocketing all the way back to $960 where once again bullion bank selling entered the short covering frenzy to stem its upward progess. This level is gaining more and more technical [...]