CFTC delays vote on position limits/cme raise margins on silver/manipulation continues/massive exodus of silver from the comex warehouses.

Simon Black's Advice To Young People: Grab Your Ankles

Buried Deep Within The Files That The Federal Reserve Released On Thier MBS Purchase Program, We Found TARP 2.0!!! More Taxpayer Money To The Banks!

M2 Climbs Again: 20 Out Of 22 Consecutive Increases In Broad Money

Richard Koo's Latest: "Europe And US Have Learned Nothing From Japan's Lessons And Will Repeat Its Mistakes"

 

FBI Mole At Level Global?

 

Federal Reserve Balance Sheet Update: Week Of December 16: $64 Billion Drop In Excess Reserves Provides Turbo Liquidity

 

6th Circuit Finds That E-mails Are Protected Under 4th Amendment, Search Warrants Needed For Government E-mail Interception

CFTC delays vote on position limits/cme raise margins on silver/manipulation continues/massive exodus of silver from the comex warehouses.

 The World's Largest Army... America's Hunters?

‎"The state of Wisconsin has gone an entire deer hunting season without someone getting killed. That's great. There were over 600,000 hunters. Allow me to restate that number. Over the last two months, the eighth largest army in the world - more men under arms than Iran; more than France and Germany combined - deployed to the woods of a single American state to help keep the deer menace at bay. But that pales in comparison to the 750,000 who are in the woods of Pennsylvania this week. Michigan's 700,000 hunters have now returned home. Toss in a quarter million hunters in West Virginia, and it is literally the case that the hunters of those four states alone would comprise the largest army in the world. America will forever be safe from foreign invasion of troops with that kind of home-grown firepower.
Hunting - it's not just a way to fill the freezer. It's a matter of national security!"

Hourly Action In Gold From Trader Dan

Posted: Dec 16 2010     By: Dan Norcini      Post Edited: December 16, 2010 at 5:16 pm
Filed under: Trader Dan Norcini
Dear CIGAs,
Click chart to enlarge today’s hourly action in Gold in PDF format with commentary from Trader Dan Norcini

In The News Today

Posted: Dec 16 2010     By: Jim Sinclair      Post Edited: December 16, 2010 at 2:40 pm
Filed under: In The News
Dear CIGAs,
There is no practical solution to the backlash of the 2008 OTC derivative massacre.



Jim Sinclair’s Commentary
This is very big news. The combination of China and India, former enemies, has unprecedented economic potential.

Market Commentary and Intraday News
Chinese premier calls for cooperation with India
(AP:NEW DELHI) Chinese Premier Wen Jiabao is calling for greater cooperation and a deeper friendship with India.
The neighbors have competed in recent years for influence around Asia. Lingering border disputes and a growing trade imbalance have added friction in their relationship.
Wen arrived in New Delhi on Wednesday on a three-day mission to build trust between the countries.
He told reporters Thursday that India and China had a long history of friendship and he hoped his visit would strengthen that bond.
More…

Jim’s Mailbox

Posted: Dec 16 2010     By: Jim Sinclair      Post Edited: December 16, 2010 at 2:07 pm
Filed under: Jim's Mailbox
Dear Jim,
Here is another classic cartoon telling it like it is.
CIGA Doug


Jim,
Support point 1 has failed; previous support point 1 has now become resistance. With the current level of the USDX, resistance is now $1383. Support point 2 is $1356.
CIGA Stefaan

More…

Act Like a Jack Ass and You’ll Always Get Treated Like One CIGA Eric
Three taps and out on the gold stocks has created a significant breakout in the gold stocks. Rather than galvanizing investors resolve to hold their positions, it’s obvious that weak hands can still be easily spooked out of their positions by ‘timely’ garbage analysis and news flow.
Over the years the markets have taught me this personal message,

"Act like a jack ass and you’ll always get treated like one."
The stock operators, fully aware of the technical significance and potential of three taps and out, continue to relieve the weak hands of the positions. They are laughing all the way to the bank in the process.
Amex Gold Bugs Index ‘HEUY’ (HUI):
More…




Jerry Brown: California Budget Is "Much Worse Than I Thought — We’ve Been Living In Fantasy Land" CIGA Eric
Europe has exclusive rights to ‘living in a fantasy land’ economics according the unrelenting news flow – apparently not. And, so goes the selective amnesia of the headline feed. I’m sure this news will find adequate coverage in California’s cooking sections of the printed media.
California’s troubles represent yet another reason why the "Formulas" are beginning to roll over and Fed initiated QE2. Please review The Timing of QE Was No Accident for further discussion on this topic.
"The Formula" US Fiscal Balance vs US Dollar: Federal Government Budget As A % of GDP, 12 Month Moving Average:
You know it’s a bad sign when the outgoing California governor announces a fiscal emergency and everyone ignores him.
Now incoming governor Jerry Brown has realized how screwed the state is and he’s announcing his own budget emergency, according to the LAT.
He said last night: "I’m going to try to get the budget agreements done within about 60 days. I don’t think we have a lot of time to waste… It will be a very tough budget, but it will be transparent… We’ve been living in fantasy land. It is much worse than I thought. I’m shocked."
Source: businessinsider.com
More…

Top Tick Bernanke: How The Chairman Lost $46 On The Fed's Holdings Since The Launch Of QE2

 

Visa Plunges Following Fed Announcement On Interchange Fees, JP Morgan Estimate On Debit Fee Hit