Jim Sinclair’s Commentary
The score for this Friday is 4 broken banks so far at 8 PM this evening.
Bank Closing Information – November 6, 2009 These links contain useful information for the customers and vendors of these closed banks.
Gateway Bank of St. Louis, St. Louis, MO [...]

Dear CIGAs,
Martin Armstrong has written a new article titled "Is America On The Verge Of Another Bank War? Should We End The Fed Or Goldman Sachs?"
The subject is something we have spoken about here. The Fed is under political pressure not to SAY or DO anything that would be perceived by the Administration or Wall [...]

Dear CIGAs,
Today’s major event was FOMC’s unanimous decision to keep "Interest rates exceptionally low" for an "extended period of time."
This means that US dollar will remain the carry trade currency of choice as we transit to new ground with a major reserve currency as a carry trade currency. There are no rules or experience with [...]

The IMF versus the Asian central banks is like a go-kart playing chicken with the world’s most powerful bullet train. Good luck with that one. –CIGA Rusty Bayonet
 
Final Thoughts For The Day:
1. The general thinking is that today was massive short covering. Some point at the silly short [...]

Jim Sinclair’s Commentary
"When the COT takes on governments, the COT loses." -Jim Sinclair
This is extremely bullish for Gold as it proves our point that central banks would take all and any gold that becomes available for sale.
IMF Sells Gold to Central Bank of India By [...]

Jim Sinclair’s Commentary
I am sure that the public is clueless on how important CIT has been to the bread and butter business that I call Middle America.
People will find out soon.
CIT failure to leave small businesses floundering Sun Nov 1, 2009 4:36pm EST By Elinor Comlay
NEW YORK, [...]

To the CIGAS all round the world:

In times of change, learners inherit the earth, while the learned find themselves beautifully equipped to deal with a world that no longer exists. –Eric Hoffer – Longshoreman, Philosopher

My Dear Friends,
The upcoming legislation defining the powers of the Federal Reserve as the umpire [...]

"It feels so good to be in gold" –CIGA JB Slear & accomplice

Jim Sinclair’s Commentary
There is no question that we are headed for a second lock up in credit.
We are headed for a second round of bail outs.
When CIT stops middle America stops. It makes you wonder if the [...]

A government big enough to give you everything you want, is strong enough to take everything you have. –Gerald Ford

Jim Sinclair’s Commentary
Curtail QE? Yeah sure!
U.S. Home Vacancies Rise to 18.8 Million on Defaults (Update1) By Kathleen M. Howley
Oct. 29 (Bloomberg) — About 18.8 million [...]

Dear CIGAs,
Don’t worry. Everything is going to be as we anticipated it.

 
Jim Sinclair’s Commentary
The recent new derivative regulations exempt those large dealers that claim the status as hedgers.
I suspect the Saudis drop of West Texas Intermediate as the measure of price is a step away from the huge US interest that with the use of [...]