My Dearest Friends,
We are in a storm of verbal intervention where the US dollar is concerned. Everything from statements that cannot be based on data such as the US dollar is "the mother of all carry trades," to the warnings to the East by Western Central banks not to apply currency controls as they are [...]

Jim Sinclair’s Commentary
One of today’s examples of verbal currency market intervention:
"European Central Bank President Jean-Claude Trichet said the ECB will gradually withdraw emergency cash."

Jim Sinclair’s Commentary
The man puts his money where is confidence lies.
Paulson: Gold’s Bull Run Is Just Beginning November 19, 2009 By Simon [...]

Dear Jim,
It looks like the UK is in the grip of your Formula too!!!
Best, BT
OECD warns Britain risks ‘debt spiral’ Britain is at growing risk of a "public debt spiral" unless the Government takes "drastic" action to cut the deficit, according to the OECD, world’s leading economic institution. [...]

Dear CIGAs,
The chart below depicts the balance at the Federal Reserve of its Custodial Accounts, which for some of our new readers, is basically the US debt holdings of Foreign Central Banks around the world. As such, it is a good way to gauge the relative indebtedness of the US.
I have been constructing this [...]

Click chart to enlarge today’s hourly action in Gold in PDF format with commentary from Trader Dan Norcini

Dear CIGAs,
CIGA Bruce (below) says stop watching. Gold is going to a minimum of $1650.

Jim Sinclair’s Commentary
The following article by Armstrong presents conclusions based on fact, not opinion. It makes present time comparisons that must draw your attention to the equity markets in the Weimar experience.
It helps explain the increasing prices of goods and [...]

Jim,
Gold is the tool or mechanism for defeating a deflationary debt depression at the end of an economic cycle.  Many years of devaluation still lie ahead.
CIGA Eric
Click charts to enlarge in PDF format…

Dear Mr. Sinclair,
Per your comment:
"In the second great depression, gold companies went from relatively small to large dividend payouts.  The same will happen [...]

Today at the Fed:
You really think this gang would get on the same page or be quiet.
St Louis Fed President Bullard’s comments on interest rates weighed on the dollar. Bullard said it was possible that the Fed will not raise rates until 2012 if the Fed waits as long as it did to raise rates [...]

A TOUGH WEEK FOR PRESIDENT OBAMA
President Obama was met by strong language from China’s chief banking regulator hours before he arrived in China.  Chief regulator Liu Mingkang said a weak dollar, low interest rates, and other actions have “led to massive speculation".  He was saying, in effect, that the U.S. carry trade (a process [...]

Jim,
I won’t even try to debate the merit of these programs.
Move over Cash for Clunkers, it’s time for "Cash for Caulkers."  Soon it will be cash for breathing…
Mr. Doerr calls his proposal, which would give households money to pay for weatherization projects, “cash for caulkers.” Rahm Emanuel, President Obama’s chief of staff, told me, “It’s [...]