Dear CIGAs,
 
SO MANY ARE CONVINCED THAT DEFLATION IS AHEAD…WE ARE NOT CONVINCED
For years, a few have believed that inflation will be the long-term outcome.  We have been among them.  We mentioned months ago in our commentary that there would be short term deflationary influences within the U.S. and developed economies in the last half of [...]

Jim Sinclair’s Commentary
The key here is Israel makes a serious miscalculation.
Dear CIGAs,
Although many have predicted over the past five years that Iran would be at war with the west or Israel, such an outcome has not developed.  We seldom comment on war preparation activities and have not done so recently, and although it is not [...]

THE EUROPEAN ECONOMIC CRISIS
Earlier this week, the markets cheered the announcement out of Europe of a bailout package by the European Union nations and the International Monetary Fund, and a decision by the European Central Bank to begin buying sovereign debt of weaker states.  This bailout plan protects the sovereign bond markets for the short [...]

Dear CIGAs,
GREECE WILL RECEIVE A BAILOUT, AND THE BAILOUT WILL BE AIMED AT STRUCTURING FINANCIAL SECURITY FOR EUROPE AS A WHOLE
European financial officials from sixteen nations and some supra-national organizations met last weekend and announced that Greece will get a package of loans to be delivered to them over three years.   Why is this happening?  [...]

Dear CIGAs,
THE EUROPEAN DEBT CRISIS KEEPS EXPANDING
Greek debt has been rated as junk quality.  Spanish and Portuguese debt have undergone downgrades and there are rumors circulating of a possible Italian debt downgrade.
This reminds us of the so-called Asian Contagion of late 1990’s during which bank and government debt contagion sent Asian markets down dramatically and [...]