Dear CIGAs,

The US dollar rules Gold, and the Formula rules the dollar. The TIC also helps.

The lower the value of people’s homes the less wealth effect until it becomes the POVERTY effect.

If you assume $90 - $100 plus crude will not impact the no-savings, debt up to their neck, insane American consumer, all you are doing is sticking your head in the sand. That is the polite way of expressing it.

The employment figures released today are all smoke and mirrors, not in the least bit speaking to economic improvement.

Gold is headed to $1050 followed by a royal battle and then onward to $1650. This is all you need to know. All else is noise and when viewed in late 2008 this market experience will be as close to a straight line as any market can practically be.

The time for scalping gold moves are well behind us. The risk of missing the market exceeds by orders of magnitude.

What you need to do immediately, if you have not already, is prepare to defend yourselves against your financial intermediaries. As far as possible, eliminate as many as possible!