gold and silver rise/extreme chaos in Egypt

Harvey Organ 2-3-11

gold and silver rise/extreme chaos in Egypt

Housing Armageddon: 12 Facts Which Show That We Are In The Midst Of The Worst Housing Collapse In U.S. History

Meredith Whitney Called To Testify Before House On Her Muni Call

 

Obama Scrambling To Replace One Crony Egyptian Government With Another

 

Guest Post: Can’t See the Forest For The Trees 

 

Fed Excess Reserve Cumulative Deficiency Hits Record

 

Guest Post: Smoot Hawley Redux

 

Is Egypt A Preview of 2015 America?

 

It's Official: ICE Sets Cotton Position Limit

Submitted by Tyler Durden on 02/03/2011 16:05 -0500

Earlier today we noted that the ICE was considering establishing size limits in [insert surging commodity here], in this particular case cotton. This has just been formalized as per the press release below, and explains why cotton is among the worst performing softs today. If gold continues refusing to play along with the script, look for the CME to do something comparable with gold and silver (for the third time) shortly. But never, and we repeat never, expect the Globex to do something crazy like hiking margin requirement on ES.... Ever. 

 

 

 

In The News Today

Posted: Feb 03 2011     By: Jim Sinclair      Post Edited: February 3, 2011 at 7:24 pm
Filed under: In The News

Jim Sinclair’s Commentary
The majors must buy qualified juniors. They have never been successful explorers.
Reserves the majors hold have hit a plateau or are on the decline
Have a look at this deal which is a blueprint for many to come. Compare this blueprint to your holdings.

Newmont to buy Canada’s Fronteer Gold for C$2.3 bl Thu Feb 3, 2011 3:01pm EST
By Steve James and Pav Jordan
NEW YORK/TORONTO, Feb 3 (Reuters) – Newmont Mining Corp (NEM.N) has agreed to buy Fronteer Gold Inc (FRG.TO) for C$2.3 billion ($2.3 billion), extending its presence in the western United States as bullion prices hover near record highs.
The cash and stock transaction – the latest in a string of deals targeting Canadian miners – will add 4.2 million ounces of gold resource to the portfolio of the world’s second-largest gold producer.
"This acquisition of Fronteer Gold is in line with some of the more recent acquisitions in the gold space, where major mining companies have been going after very high quality assets," said Adam Graf, a mining equity analyst for Dahlman Rose in New York.
Fronteer shareholders will receive C$14 in cash and one common share in a new company, called Pilot Gold, in exchange for each common share of Fronteer Gold.
The offer represents a 37 percent premium to Fronteer Gold’s Wednesday close of C$10.25. Fronteer shares rose more than 40 percent to C$14.40 on Thursday afternoon.
More…



Jim Sinclair’s Commentary
Don’t buy the argument that since there is no Khomeni in Egypt that the uprising must result in a sustainable democracy.
It is not a personality but the organized undercurrent that has put both Yemen and Egypt in harm’s way.
Maybe Saudi Arabia is pushing their ability to buy everyone. Have you looked at the level of Saudi debt lately? It is not too good.
Financial TV is reporting with glee that Google has 75,000 job applications for 6000 jobs. That sounds impressive on first read, but if you think about it is very disturbing.
Has it dawned on you that QE must continue because natural buyers of Treasury instruments have reduced their purchases and some have even sold?