Dear CIGAs,
The CCI (Continuous Commodity Index) bounced from near the 50% retracement level of its move up from the December low as money flooded back into the commodity sector after that same money flooded out of it yesterday. The idiocy and madness continues unabated it seems. Trying to read too much into any one day’s [...]

Dear CIGAs,
Goldman is out there doing the public a service again by making a bear recommendation on the Euro at the exact same time as the US 5 year bond issues went begging.
I imagine that Goldman is a large short in the Euro, so why wouldn’t they talk it down if they could?
 
Jim Sinclair’s Commentary
Exactly [...]

Jim,
This is for those that need to review a VISUAL PRESENTATION. Here is an excellent report to make their simple decision between the ownership of Gold or the common share of USA Inc., the US dollar.
CIGA BJS
Click here to view the PDF file…

Dear Friends,
Let’s keep the last three days simple.
You either like gold, or you like the dollar.
That is all there is to it.
Respectfully yours, Jim

Dear CIGAs,
In what is a continuation of yesterday’s deflationary trade, the US Dollar moved sharply higher today with crude oil getting whacked along with most of the rest of the commodity complex, including ol’ Dr. Copper. That allowed for further long liquidation in gold which as those of you who follow this site regularly understand, [...]

Jim Sinclair’s Commentary
Oh yes, the meeting today between US and Chinese financial representatives went swimmingly.
Believe that and you are stupid.
China’s Wang: U.S. must manage dollar supply Tue Jul 28, 2009 10:34am EDT
WASHINGTON (Reuters) – Chinese Vice Premier Wang Qishan on Tuesday urged the United States to carefully manage the impact of the [...]

Jim,

The gold being thrown away for paper currency today carries no guarantee of value like the note pictured above. People can certainly be foolish when they pay attention to MOPE!
CIGA Marc

Dear CIGAs,
The US Dollar managed to bounce precisely near the critical 78.40 support level on the weekly price chart just in time for the Chinese delegation’s arrival in Washington. Even an avowed cynic such as myself has to marvel at the temerity of the US monetary authorities intervention foray this morning. The fact that the [...]

Dear Extended Family,
Keep in mind that this week has an avalanche of US Treasury instruments offered for sale.
The Chinese financial delegation is visiting Washington with their counterparts in the Administration.
They wish for a Super Sovereign Currency alternative to the US dollar and a cessation of debt offerings as a way of life for US fiscal [...]

‘Jim,
Ah, Kirby is rehashing old news.
New home sales report? A positive? Still a contracting number in a negative down trend. New home sales are still contracting 24% year over year. Spin sees the uptick and jumps all over it.
Rumors suggest that banks are withholding inventory to reduce supply. Thus, the month supply (basically inventory per [...]