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 [...]

From Wikipedia,
An oligopoly is a market form in which a market or industry is dominated by a small number of sellers (oligopolists). The word is derived from the Greek oligo ‘few’ plus -opoly as in monopoly and duopoly. Because there are few participants in this type of market, each oligopolist is aware of the actions [...]

Jim Sinclair’s Commentary
You really want to go long the common shares of the USA Inc, the US dollar?
Report: Foreclosure Inventory Hits Record Level in June By PAUL JACKSON July 29, 2009 8:45 AM CST
The nation’s housing markets are clearly developing a bi-polar disorder all their own: fresh [...]

Dear CIGAs,
You will love this.
I had an opportunity to take someone to the local ER. Between the outside door and the inside ER door there is a large sign. This sign outlines all the symptoms of the flu informing the reader that if you ANY of these symptoms "DO NOT ENTER THIS BUILDING."
The signature on [...]

Jim,
This is quite funny that this man’s gold is missing in the mail. The royal canadian mint is missing theirs on an inside job.
CIGA BJS
Iranian wants his $18.5 bn back from Turkey Wed, 29 Jul 2009 22:03:19 GMT
A Turkish lawyer has claimed that his Iranian client has transferred an $18.5-billion treasure [...]

Dear CIGAs,
The dollar rallied in terms of the USDX yesterday, and the Euro came under pressure as Goldman Sachs repudiated a longstanding Euro buy and hold recommendation by issuing a sell Euro recommendation as the 5 year US Treasury bond auction went sour.
Logic has nothing to do with day to day trading. We all know [...]