Julian Assange Has Been Freed On Bail By UK Court

 

In The News Today

Posted: Dec 14 2010     By: Jim Sinclair      Post Edited: December 14, 2010 at 10:15 am
Filed under: In The News

Jim Sinclair’s Commentary
Moody’s will downgrade the USA? Sounds like Moody’s management and the Wiki guy will be sharing a cell, maybe for the same crime.

US tax cuts may cause negative rating outlook-Moody’s 14:47, Monday 13 December 2010
NEW YORK (Xetra: A0DKRK – news) , Dec 13 (Reuters) – A U.S. tax and unemployment-benefit package agreed to by President Barack Obama and Republican leaders last week will increase the likelihood of a negative outlook on the U.S. Aaa rating in the next two years, Moody’s Investors Service said.
U.S. Treasury bond prices fell in volatile trade last week after the announcement of the deal, in part due to concerns over the effect the package will have on government debt levels.
"From a credit perspective, the negative effects on government finance are likely to outweigh the positive effects of higher economic growth," Moody’s analyst Steven Hess said in a report sent late on Sunday.
If the bill becomes law, it will "adversely affect the federal government budget deficit and debt level," Moody’s said.
A negative outlook would indicate that the rating may be more likely to be cut from the top Aaa rating over the following 12 to 18 months. The United States currently has a stable outlook, indicating a rating change is not anticipated over this time frame.
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The Battle At The Bridge

Posted: Dec 14 2010     By: Jim Sinclair      Post Edited: December 14, 2010 at 12:04 am
Filed under: General Editorial

Dear CIGAs,
Gold is trading at $1405.
How many of you recall the classic film, "Monty Python and the Holy Grail?"
Well, for those that do gold looks like King Arthur at dawn in Africa. The knight whose duty it was to protect the bridge from other knights crossing encounter a determined King Arthur. King Arthur approaches the bridge and is challenged by the bridge keeper to halt and not cross. A fight ensues and the knight protecting the bridge is reduced to a slaughtered stump with no arms or legs. King Arthur crosses while the bridge keeper yells at him to return as the bridge keeper threatens to bite the king to death as he no longer has arms, legs or weapons to fight with
The shorts in all things gold represents the bridge keeper. Of course, the gold guys are King Arthur.
The dopey short of all things gold cannot stop the climb of the gold price to $1650 and beyond. They are such ego maniacs that they will, like the bridge keeper, be slaughtered stumps yelling "come back, I will bite you!"

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