Dear CIGAs,
Here is the mantra of OTC derivative credit default swap manufacturers:
"When a government is dependent upon bankers for money, they and not the leaders of the government control the situation, since the hand that gives is above the hand that takes… Money has no motherland; financiers are without patriotism and without decency; their sole [...]

Jim Sinclair’s Commentary
Generally when an entity is at the level shown on the chart caution would be in order. On the longer term however I am in agreement with this article.
The Loonie Looks Ready to Fly March 04, 2010
The rebound over the last year in the Canadian dollar has left [...]

My Dear Friends,
I had oral surgery this morning, and am feeling beat up. I will post more, if things improve.
If not, my comment on the Greek Bond Auction is today’s news, the rest is noise.
Respectfully, Jim

Thought For The Day:
Morning news reported that the medium term bond offering by Greece was met with [...]

Jim Sinclair’s Commentary
The US economy is driven by the levels of consumer activity.
For those that see a rosy economic future, explain this.
More consumers file for bankruptcy protection By Christine Dugas, USA TODAY
The economic recovery effort has not slowed consumer bankruptcy filings. They surged 14% in February compared with a year earlier, [...]

“Rising prices of precious metals and other commodities are an indication of a very early stage of an endeavor to move away from paper currencies… What is fascinating is the extent to which gold still holds reign over the financial system as the ultimate source of payment." –Alan [...]