The following headline excerpts are just one day, todays' from Jim Sinclair. ONE DAY! Every day is the same! That's reality for those of you who don't frequent Jim Sinclair...gvie it a shot...at least 70 cents worth:

"Jim Sinclair’s Commentary

QE to infinity. MOPE will continue every day until it morphs into outright fabrication rather than simple spin.

If the Federal Reserve doesn’t remain the largest buyer of home mortgages, the U.S. housing market will collapse.

Stand strong with gold
CIGA Eric

The difference between profit and a loss is often defined by your ability to stand strong, often alone, in the face of doubt.

Once again gold has risen to the currency of choice based on the inherent undisciplined nature of fiat money

"Employment figures tomorrow to be skewed higher than should be by seasonal factors"
–www.ShadowStats.com

You think the US cannot be in the same position? We are on the road and not that far behind GB in terms of debt to GDP ratio.

Britain’s debt now a ‘riskier proposition’ than Italy’s

MOPE and skewed seasonal statistics regarding employment figures according to Mr. Williams.

I love the "better than" and "less than expectations" used to MOPE all numbers. Whose expectations were these exactly?

U.S. Stocks Erase Early Drop as Retailers Rise on Sales Data

Gold buying frenzy grips China
January 06, 2010 17:25:00 IST

A gold buying frenzy is spreading across the Chinese landscape–from cities to rural towns–as you can make out from the words of Xiam Zang, a bullion dealer in Beijing: “Chinese people are buying more gold these days. There are increased sales in jewellery shops for gold ornaments, coins and bars. In fact, many people are now convinced that gold is the best investment asset.”

US Avoids Technical Default By Three Days
Tyler Durden on 01/05/2010 19:37 -0500

On December 24, the Senate passed a vote by a razor thin margin (with not a vote to spare) to raise the Federal debt ceiling from $12,104 billion to $12,394 billion. The actual debt ceiling increase took effect on December 28. And as the chart below shows, the Treasury’s cash flow projections were spot on: 3 days later, and the debt subject to limit surged to $12,254, a jump of over $200 billion in 2 days, and a whopping $150 billion over the old debt ceiling.

At the bottom of all the major financial disasters of the last two year lies our dear OTC derivative manufacturers and distributors as securitized investment garbage paper, credit default derivatives and credit swaps amongst a sea of other geek junk.

GMAC to post major Q4 loss.
GMAC expects to post a combined Q4 loss of around $5B, largely because of write downs on risky mortgage assets it intends to sell,

US pending home sales slump, factory orders rise

WASHINGTON – Pending sales of previously owned US homes fell more sharply than expected in November,