India Gold Imports Hit Record As "Price Is No Longer A Factor"

 

Tunisia Rioting Escalates, Hits Capital As More Are Killed While Protesting Surging Unemployment And Food Prices

 

Nigel Farage On Whether Italy Is Next

 

More Clues Of China's Real Estate Bubble: Ghost Malls

In The News Today

Posted: Jan 12 2011     By: Jim Sinclair      Post Edited: January 12, 2011 at 1:38 pm
Filed under: In The News


Jim Sinclair’s Commentary
There was no alternative and there still is no alternative. QE is not virtuous, but there was no other option.
I love the sanctimonious EU that screams against Bernanke, and then does the same thing every time they have a problem with another State of the euro.
There still is no option other than QE.

G-20 Split as Bernanke Defies Trichet, Obama Counters Cameron By Simon Kennedy – Jan 12, 2011 5:52 AM MT
Three years ago, when the world economy was in mortal danger, a series of coordinated and unprecedented measures brought it back from the brink. Today, the patient, still sickly, must endure the sight of doctors arguing over what to do next.
For a brief period starting in the autumn of 2008, leaders of the world’s richest nations moved in lockstep to slash interest rates, rescue banks and pump billions of dollars of stimulus into their ailing economies. That was followed by a declaration by the Group of 20 nations in April 2009 that financial firms needed more regulation to prevent another global meltdown.
As 2011 dawns, there are arguments between nations — and even among domestic policy makers — about how to prevent further market turmoil while at the same time spur stronger growth, Bloomberg Markets magazine reports in its February issue.
At one extreme sit the austerity advocates led by the U.K. and German governments, who say the path back to prosperity starts with a retrenchment of the welfare state. On the other side is U.S. President Barack Obama, who ended 2010 striking a deal with congressional Republicans to extend George W. Bush’s income tax cuts as unemployment hovered near 10 percent — a move that boosted the stock market and led some economists to forecast stronger growth in America for 2011.
More…




Jim Sinclair’s Commentary
Statistics are what is revved, not the economy. Even that revving is slowing down.

Housing Market Slips Into Depression Territory Published: Tuesday, 11 Jan 2011 | 10:52 AM ET
By: Cindy Perman
As the economy revs back to life, with signs of hiring on the horizon, the housing market is being left behind like Macaulay Culkin in “Home Alone.”
In the past few years, we’ve all been careful to choose our words carefully, not calling it a recession until it fit the technical definition and avoiding any inappropriate use of the “D” word — Depression.
Things were bad but the broader economy never reached Depression territory. The housing market, on the other hand, just crossed that threshold.
Home values have fallen 26 percent since their peak in June 2006, worse than the 25.9-percent decline seen during the Depression years between 1928 and 1933, Zillow reported.
November marked the 53rd consecutive month (4 ½ years) that home values have fallen.
What’s worse, it’s not over yet: Home values are expected to continue to slide as inventories pile up, and likely won’t recover until the job market improves.
More…

Jim’s Mailbox

Posted: Jan 12 2011     By: Jim Sinclair      Post Edited: January 12, 2011 at 1:37 pm
Filed under: Jim's Mailbox

Dear LT,
How about this for a statement: "Soon to be "positively" worth-LESS vis a vis gold in the future!"
CIGA BT

China wants "positive" statement about dollar assets BEIJING | Tue Jan 11, 2011 9:51pm EST
China would welcome a "positive" statement from the United States about the security of its dollar-denominated assets, a senior Chinese diplomat said on Wednesday, ahead of President Hu Jintao’s visit to the United States.
Chinese Vice Foreign Minister Cui Tiankai was speaking at a news conference in Beijing about Hu’s state visit from Jan. 18 to 21, including a summit with President Barack Obama.
Analysts estimate that about two-thirds of China’s reserves, which hit a record $2.85 trillion at the end of 2010, are parked in dollar assets, though the currency composition is a state secret.
More…