Gold Wave Analysis
There an old Irish proverb that says,
If you’re not strong you’d better be clever.
When you’re fighting the paper monster, you better be clever.
The time window has closed on the C-wave advance. The duration of the run was a bit longer than the mean estimate, but it did not produce expected gains.
The relatively weak [...]

Global Fiat Gold Prices
For those that accept the dollar, or any fiat money, as a safe haven during times of crisis, I suggest a review of the global fiat gold prices since start of the third Great Depression between 1998-2001.
A few important conclusion from the following charts: (1) The price of gold is [...]

Dear Jim,
The following FDIC press release is remarkable in a number of ways:
1. We now have a new form of US Government Agency debt, namely, FDIC-backed residential mortgage backed securities (“RMBS”).
2. The $1.8 billion of notes are backed by loans with “aggregate unpaid balances of approximately $3.6 billion.” Translation: they had to take 50 cents [...]

Trade deficit shrinks as auto and oil imports drop CIGA Eric
The U.S. trade deficit unexpectedly shrank in January, reflecting a big drop in imports of oil and foreign cars. American exports also fell, a potential blow to hopes that the economic recovery will be aided this year by U.S. sales abroad.
A [...]

Jim Sinclair’s Commentary
The US dollar is not a safe haven.
Budget deficit sets record in February CIGA Eric
The government ran up the largest monthly deficit in history in February, keeping the flood of red ink on track to top last year’s record for the full year.
There no end to the spend, [...]