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In The News Today

Posted: Nov 17 2010     By: Jim Sinclair      Post Edited: November 17, 2010 at 11:48 am
Filed under: In The News

Jim Sinclair’s Commentary
Right on, Mr. Lenihan.
My half Irish side says you are taking a beating and doing nothing about it.

‘Attack on euro’ led Ireland to seek aid By John Murray Brown and Tony Barber
Published: November 17 2010 12:21 | Last updated: November 17 2010 12:21
Brian Lenihan, Ireland’s finance minister, said it was the attack on the euro that had prompted Ireland to seek assistance from the European Union and the International Monetary Fund.
In his first comments since the dramatic announcement that an EU-IMF mission was being immediately dispatched to Dublin, Mr Lenihan insisted Ireland’s banks had “no funding difficulties” but said an aid package might be necessary if “further difficulties materialise”.
He sought to reassure Irish depositors that their savings remained protected and dismissed opposition claims that he was surrendering Ireland’s economic sovereignty.
“Ireland has been the point of the attack on that currency in recent weeks and it’s important that we build up our defence and ensure that the currency itself is protected. And for that reason, the Irish government will fully engage with this process and work with the mission to ensure that everything possible is done to secure the Irish banking system,” Mr Lenihan told Irish radio
He said the Irish government and its EU partners were still examining “options” on what shape a package of financial assistance might take. But he said: “There is no question of loading on to the Irish sovereign and the Irish state some kind of unspecified burden. That’s why the government took great care not to make a formal application at this stage but to engage in intensive discussions to see exactly what the options are.”
He said what “may be required may not in fact be an actual transfer of money now, but [a] demonstration of how much money can be made available if further difficulties materialise”.
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Jim’s Mailbox

Posted: Nov 17 2010     By: Jim Sinclair      Post Edited: November 17, 2010 at 11:45 am
Filed under: Jim's Mailbox
Dear Eric,
This is the reposition after taking billions out of the short euro. The boys are now planning to play the long EU when the manipulators complete their long eu/short dollar positioning.
The foul destroyers leave footprints that very few outside of you plot.
The schemers can be plotted.
Respectfully,
Jim

Money Is Repositioning for Another Dollar Decline CIGA Eric
The dollar’s decline against other major currencies will resume once the right money is properly repositioned.
Connected players will use the strength to reestablish their net short positions, while retail money, guided by well-timed and highly directed media analysis, is pushed (herded) towards the long side for the eventual slaughter. The flow of money is methodical and highly controlled.
U.S. Dollar Index and the Commercial Traders COT Futures and Options Stochastic Weighted Average of Net Long As A % of Open Interest:
U.S. Dollar Index and the NonreportableTraders COT Futures and Options Stochastic Weighted Average of Net Long As A % of Open Interest:
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