Dear Extended Family,
I believe the most important event at our Toronto CIGA meeting was the testimony of two attendees.
Two men spoke independently. One is a Canadian resident from Russia and the other from Poland.
Both said the same thing, "All the signs that preceded our inflation of more than 100% per year are here now in [...]

Buffett Says Housing Woes to Ease Next Year, Barring Explosions CIGA Eric
“Within a year or so, residential housing problems should largely be behind us,” Buffett wrote yesterday in his annual letter to the shareholders of his Berkshire Hathaway Inc. “Prices will remain far below ‘bubble’ levels, of course, but for every [...]

Dear Friends,
In looking over the Commitment of Traders data for this week, we find a rather sharp increase in open interest which is a healthy sign. Speculative money began rebuilding their long positions for the second consecutive week as the wholesale long liquidation which began in earnest November of last year has come to an [...]

Dear Friends,
Following are three charts of gold priced in terms of the Euro, the British Pound, and the Swiss Franc. The reason for the charts is to help keep us focused on what gold is doing on a global basis and not allow us to become tunnel-visioned ignoring the rest of the world outside the [...]

Trader Dan’s Commentary
The financial health of any state is directly related to the financial health of its various cities and towns. Here is further evidence of the mounting crisis that is yet to erupt and make itself felt in the larger scheme of things.
The rating of a city’s or state’s bonds is related to [...]