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Must See: Nordea's Chart Of The Week - Collapsing US Import Demand

 

CME Hikes Margins Across The Board: Copper, Palladium, Silver, And, Oddly, IR Swaps, Treasurys And Fed Funds

 

Goldman Removes Visa From Conviction Buy List After Stock Plunges

 

You Want Vol? Here's Your Vol 

 

SEC Expands Mortgage Foreclosure Probe

More Bad News For Moynihan: Arizona Sues BofA For "Consistently Misleading Consumers" About Home Loan Mod Process

 

In The News Today

Posted: Dec 17 2010     By: Jim Sinclair      Post Edited: December 17, 2010 at 12:41 pm
Filed under: In The News
Jim Sinclair’s Commentary
The Green Hornet says that the Cabal is working hard, but not making that much headway on the short of the euro play. That is the market saying the Wall Street Cabal covering as they now put their dollar short back on. It is free money when you control communications.

Moody’s Downgrades Ireland’s Debt DECEMBER 17, 2010, 10:30 A.M. ET
BY ART PATNAUDE
LONDON—Moody’s Investors Service Inc. downgraded Ireland’s debt to Baa1 from Aa2 Friday, warning the government’s financial strength could deteriorate further if economic growth were to miss its projections.
The five-notch downgrade was made as "Ireland’s sovereign creditworthiness has suffered from the repeated crystallization of bank-related contingent liabilities on the government’s balance sheet," said Dietmar Hornung, vice president, senior credit officer at Moody’s.
The ratings agency put the country on review for downgrade in early October, saying the process would likely result in a …
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Jim Sinclair’s Commentary
China is everywhere says the Green Hornet.

Africa’s Wesizwe finalises financing deal Fri Dec 17, 2010 8:04am GMT
JOHANNESBURG, Dec 17 (Reuters) – South Africa’s Wesizwe Platinum (WEZJ.J: Quote) said on Friday it had finalised an $877 million financing package with a Chinese consortium to develop a major project, sending its shares up more than 6 percent.
The funds would be used to develop the Frischgewaagd-Ledig project, which is expected to produce 350,000 ounces a year in platinum group metals (PGMs), with platinum the main metal at full production.
Shares in the junior mining exploration group rose 6.6 percent to 2.10 rand by 0752 GMT, compared with a 0.19 percent fall in Johannesburg’s All-Share index .JALSH.
Wesizwe said China’s Jinchuan Group Ltd (JNMC) and the China-Africa Development Fund (CADFund) would pay $200 million for a 45 percent stake in the South African company.
Micawber, a special purpose vehicle owned by an empowerment trust that was formed to boost black participation in Wesizwe, would pay $26.6 million for a 6 percent stake in the company.
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Jim Sinclair’s Commentary
"As the economic power sets in the West it rises in the East." –Jim Sinclair in "Boom: Visions and Insights for Creating Wealth in the 21st Century"

China gets debt rating upgrade on growth prospects 



December 17, 2010 – 7:10AM
Standard & Poor’s on Thursday raised China’s long-term foreign and local currency sovereign credit ratings to ‘‘AA-’’ from ‘‘A+’’ based on a strong balance sheet and ‘‘exceptional growth prospects’’.
The international debt ratings agency said China’s long-term ratings were stable.
‘‘We believe the Chinese authorities would respond to future threats to financial stability with timely measures, based on our observations over the past two years,’’ Standard & Poor’s credit analyst Kim Eng Tan said.
China’s new structural reforms during the global economic slowdown improved the likelihood of macroeconomic stability in the medium term, Tan said in a statement.
The measures also meant the Chinese government was less likely to incur heavy liabilities that could affect its ability to repay debts, the agency said.
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Jim’s Mailbox

Posted: Dec 17 2010     By: Jim Sinclair      Post Edited: December 17, 2010 at 12:10 pm
Filed under: Jim's Mailbox
Little Has Changed with The Execution of Controlled Operations Over Time CIGA Eric
The Green Hornet says that the Cabal is working hard, but not making that much headway on the short of the euro play. That is the market saying the Wall Street Cabal covering as they now put their dollar short back on. It is free money when you control communications.
Jim

Jim,
Other than the names pulling the strings, technology used to communicate, very little has changed with the execution of controlled operations over time. Jesse Livermoore often discussed how bear pools controlled or plunged the tape in the days of the ticker tape. Independent thinking remains the only way to ID and defeat controlled operations and trade in sympathy with the secular trends.
This is illustrated by the absolute flushing of the "marks" by the sharks. The operation will weaken and terminate with the consumption of the paper fuel and adaptation to the market conditions by the various trading groups in the coming weeks.
Euro and the Nonreportable Traders COT Futures and Options Stochastic Weighted Average of Net Long As A % of Open Interest:
Eric
Headlines: Moody’s Downgrades Ireland’s Debt
Moody’s Investors Service Inc. downgraded Ireland’s debt to Baa1 from Aa2 Friday, warning the government’s financial strength could deteriorate further if economic growth were to miss its projections.
The five-notch downgrade was made as "Ireland’s sovereign creditworthiness has suffered from the repeated crystallization of bank-related contingent liabilities on the government’s balance sheet," said Dietmar Hornung, vice president, senior credit officer at Moody’s.
Source: online.wsj.com
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