It's Official: Ron Paul Is Head Of Monetary Policy Subcommittee
Twitter Caves To Adjusted First Amendment, Blocks "Operation Paybacks" Anon_Operations; Next Up: Twitter Taken Down By Hactivists?
Bond Prices Plunge for Second Day on Deficit Fears.
Fleeing the U.S. Dollar: IMF sells 200 metric tons of gold worth $6.7 billion to India’s central bank
Swiss bank client can't get his silver back two months after asking
Ambrose Evans-Pritchard: Global bond rout worsens on U.S. fiscal worries
Another Raid on silver and gold/ bonds tank
Filed under: General Editorial, Jim's Mailbox
Jim Sinclair’s Commentary
While media fans the fires of the banksters’ manipulative euro operation, the dollar awaits its own demise. The states of the U.S. are in as much or more trouble than the states of Euroland regardless of what financial TV tells you.
US state governments’ debts soar
Tue Dec 7, 2010 3:9PM
Some of the measures include releasing the prisoners early or laying off police officers. Some analysts, though, believe the root of the problem is that government employees have traditionally been overpaid.
States now do not have enough money to pay for pensions and will be forced to renegotiate retirement benefits of government workers.
“Unless they can renegotiate these liabilities, because they can’t pay them, they’re far too big, you have to look at bankruptcy by state governments as an alternative,” economist Rollin Amore told Press TV.
The problem has been kept mostly hidden from the public eye. The finances of some states and local governments are comparable to the run-up to the subprime mortgage meltdown or that of the debt crisis hitting nations in Europe, analysts say.
More…
Dear Jim
This wouldn’t happen to be why Obi-Wan Sinclair said to hold your metals close?
Sincerely,
Yahn
Jim Sinclair’s Response
Yes, Yahn as there is a major disturbance (banksters) in the Force.
Jim Sinclair’s Commentary
It requires no courage to go short when you control the playing board.
Euro’s Worst to Come as Best Forecasters See Crisis Spreading
By Anchalee Worrachate – Dec 5, 2010 4:00 PM PT
The most accurate foreign-exchange strategists say the euro’s worst annual performance since 2005 will extend into next year as the region’s sovereign-debt crisis saps economic growth.
Standard Chartered Plc, the top overall forecaster in the six quarters ended Sept. 30 based on data compiled by Bloomberg predicted the euro may weaken to less than $1.20 by mid-2011 from $1.3414 last week. Westpac Banking Corp., the second most accurate, is “bearish in the short term,” and No. 3 Wells Fargo & Co. cut its outlook at the end of last week.
More…
Dear Eric:
With the 10 year in trouble, you can be sure the 30 year is a short sell on every rally as the price move sides out of the French Curve uptrend.
Ditto on the downside for cover!
Jim
Dear Jim,
Re: 10-Year Auction Results
It’s not so much that anyone is buying but rather who’s been doing the buying since onset of the debt collapse. Dealer participation rates are falling and remain weak in comparison to historical reference points. This has been offset by increased purchases from Direct (anonymous) and Indirect (likely foreign central banks), likely coordinated, sources.
CIGA Eric
10-Year Auction Results
Posted: Dec 08 2010 By: Jim Sinclair Post Edited: December 8, 2010 at 4:24 pm
Filed under: Trader Dan Norcini
Consumer Credit Jumps by Most in More than Two Years While media fans the fires of the banksters’ manipulative euro operation, the dollar awaits its own demise. The states of the U.S. are in as much or more trouble than the states of Euroland regardless of what financial TV tells you.
US state governments’ debts soar
Tue Dec 7, 2010 3:9PM
Some of the measures include releasing the prisoners early or laying off police officers. Some analysts, though, believe the root of the problem is that government employees have traditionally been overpaid.
States now do not have enough money to pay for pensions and will be forced to renegotiate retirement benefits of government workers.
“Unless they can renegotiate these liabilities, because they can’t pay them, they’re far too big, you have to look at bankruptcy by state governments as an alternative,” economist Rollin Amore told Press TV.
The problem has been kept mostly hidden from the public eye. The finances of some states and local governments are comparable to the run-up to the subprime mortgage meltdown or that of the debt crisis hitting nations in Europe, analysts say.
More…
Dear Jim
This wouldn’t happen to be why Obi-Wan Sinclair said to hold your metals close?
Sincerely,
Yahn
Jim Sinclair’s Response
Yes, Yahn as there is a major disturbance (banksters) in the Force.
Jim Sinclair’s Commentary
It requires no courage to go short when you control the playing board.
Euro’s Worst to Come as Best Forecasters See Crisis Spreading
By Anchalee Worrachate – Dec 5, 2010 4:00 PM PT
The most accurate foreign-exchange strategists say the euro’s worst annual performance since 2005 will extend into next year as the region’s sovereign-debt crisis saps economic growth.
Standard Chartered Plc, the top overall forecaster in the six quarters ended Sept. 30 based on data compiled by Bloomberg predicted the euro may weaken to less than $1.20 by mid-2011 from $1.3414 last week. Westpac Banking Corp., the second most accurate, is “bearish in the short term,” and No. 3 Wells Fargo & Co. cut its outlook at the end of last week.
More…
Dear Eric:
With the 10 year in trouble, you can be sure the 30 year is a short sell on every rally as the price move sides out of the French Curve uptrend.
Ditto on the downside for cover!
Jim
Dear Jim,
Re: 10-Year Auction Results
It’s not so much that anyone is buying but rather who’s been doing the buying since onset of the debt collapse. Dealer participation rates are falling and remain weak in comparison to historical reference points. This has been offset by increased purchases from Direct (anonymous) and Indirect (likely foreign central banks), likely coordinated, sources.
CIGA Eric
10-Year Auction Results
Posted: Dec 08 2010 By: Jim Sinclair Post Edited: December 8, 2010 at 4:24 pm
Filed under: Trader Dan Norcini
Dear friends,
We have some short term technical damage done to the gold chart but the primary long term uptrend remains intact. Traders with a short term perspective will act accordingly while longer term oriented investors will also take note and look to establish positions in the direction of the primary trend.
The HUI experienced a bearish engulfing pattern on its daily chart yesterday and that is leading to follow through selling today in the mining shares. Watch the support levels closely and see how the shares act as they move into this region especially if you are acquiring for the long term. The HUI has remained above the 40 and 50 day moving averages since August of this year on an end of trading session basis. Should it move down into this region again and refuse to breakdown, you will know what to do.
There is a band of congestion support in silver coming in near the 26.75 – 26.45 level. From a technical perspective we would not want to see it violate 25 to the downside.
Good technical action in the grey metal would be for it to hold above the recent breakout level near 27.90 and work sideways for a week or so.
The trend is your friend in the metals.
The bond market has gotten beaten with an ugly stick today. I am sure that is not making the Fed officials very happy especially considering the huge sums of money that they have spent in artificially trying to push rates lower on the long end of the curve.
We're all doomed!!! We still haven't woken up to how much poorer the West is going to be in the future...
Dr. Gary North: U.S. Facing Federal Debt Cataclysm, The Establishment Is in Despair We have some short term technical damage done to the gold chart but the primary long term uptrend remains intact. Traders with a short term perspective will act accordingly while longer term oriented investors will also take note and look to establish positions in the direction of the primary trend.
The HUI experienced a bearish engulfing pattern on its daily chart yesterday and that is leading to follow through selling today in the mining shares. Watch the support levels closely and see how the shares act as they move into this region especially if you are acquiring for the long term. The HUI has remained above the 40 and 50 day moving averages since August of this year on an end of trading session basis. Should it move down into this region again and refuse to breakdown, you will know what to do.
There is a band of congestion support in silver coming in near the 26.75 – 26.45 level. From a technical perspective we would not want to see it violate 25 to the downside.
Good technical action in the grey metal would be for it to hold above the recent breakout level near 27.90 and work sideways for a week or so.
The trend is your friend in the metals.
The bond market has gotten beaten with an ugly stick today. I am sure that is not making the Fed officials very happy especially considering the huge sums of money that they have spent in artificially trying to push rates lower on the long end of the curve.
We're all doomed!!! We still haven't woken up to how much poorer the West is going to be in the future...
Eurozone on Brink of Meltdown
Huge Movements in Silver Comex
![[Most Recent Quotes from www.kitco.com]](http://www.kitconet.com/charts/metals/gold/t24_au_en_usoz_2.gif)
![[Most Recent Quotes from www.kitco.com]](http://www.kitconet.com/charts/metals/silver/t24_ag_en_usoz_2.gif)
No comments:
Post a Comment