My Dear Friends,
China tells the Wall Street OTC derivative manufacturers and distributors to go straight to hell.
China has invoked a "Stop Loss" on these fraud ridden instruments.
If you create a specific performance contract that you know under even the slightest pressure cannot perform, you have committed fraud.
My English bull dog Mia, bless her soul, [...]

Jim Sinclair’s Commentary
Regional banks are now in deep trouble.
Commercial Mortgage Defaults Jump for U.S. Banks By Hui-yong Yu
Aug. 31 (Bloomberg) — The default rate on commercial mortgages held by U.S. banks more than doubled in the second quarter from a year earlier amid falling rents and occupancies for malls, office [...]

Dear Jim,
Apparently pulling trillions out of an already weak economy with double digit unemployment is child’s play.
Who are these talking heads kidding!
CIGA Marc 77
Fed Can Avoid Inflation Danger: NY Fed President Published: Monday, 31 Aug 2009 | 7:38 AM ET
Fears of inflation because of the Federal Reserve’s massive quantitative easing measures [...]

Dear Friends,
Martin Armstrong’s latest contribution poses the question of whether or not gold will go to $5000.
He does say it will reach $3000.
Mr. Armstrong, although living a complex life probably as a victim, has NOT been wrong ONCE on trend since I first knew him in the 1970s.
Keep in mind that loss of confidence in [...]

Jim Sinclair’s Commentary
"Broken Bank Fridays" are going to be double digit days for a long time to come.
This is a good review.
FDIC Insured Institutions have $13.3 Trillion in Assets. 8,195 Banks and 116 Institutions Hold $10.2 Trillion of Those Assets. One out of Four Institutions Unprofitable. 1,000 Banks Will Fail or Merge.
The banking system has [...]

Bank Closing Information – August 28, 2009
These links contain useful information for the customers and vendors of these closed banks.
- Affinity Bank, Ventura, CA – Mainstreet Bank, Forest Lake, MN – Bradford Bank, Baltimore, MD
http://www.fdic.gov/

Jim Sinclair’s Commentary
Over 900 more US banks to fall according to this accepted authority.
Georgia banks’ troubles [...]

Hey Jim,
Bullion banks taking the other side of the trade? Sure looks like it. The money flow footprint is highly unusual for a B to C wave transition. Normally, the bullion banks reduce their short positions before the C wave advance.
CIGA Eric
Click charts to enlarge

Greetings Jim,
Friday’s gains in the price of gold have brought the [...]

Dear Friends,
The capping activity of the gold banks has now been adopted by the professional trading public and I am told major trading clients of the gold banks themselves.
During the major gold market of the 70s I would often use brokers common to Middle East interests and the German banks when doing size to jam [...]

Jim Sinclair’s Commentary
Please read the following. Bloomberg brought this on by a suit for freedom for information for which we are all grateful, but their reporting on it takes the award for the least words about anything.
Reuters is somewhat more forthcoming.
Please keep in mind any agency or bank fighting to hide figures has something really [...]

OUR OVERALL THINKING IS LEADING US TO FOCUS ON A FEW SECTORS NEW TECHNOLOGIES
The technology of the moment, as we all know, is the handheld device.  It is part phone, part computer, part game console, part camera, part GPS system, and music player, and it is evolving very [...]