Dear CIGAs, JB Slear asks what is in your garage? Jim Sinclair’s Commentary There are green shoots here. I know it. Just a minute now, I will find them. Jim Sinclair’s Commentary States are bracing for shutdowns. Other states are right behind California. The Formula of 2006 is so far on the money, yet few will yet accept the final outcome as it pertains to the US dollar. Despite the Formula being correct so far, many still doubt its position on the US dolla

Few investments performed better than oil during 2009’s second quarter. Black gold is up 44% for the second quarter and has traded near $70 for the past four weeks. But a consensus appears to have emerged that oil is overpriced and ready for a fall. The International Energy Agency released a report on June 29 showing weak demand. Furthermore, while fundamentals may be determining the direction of the price, speculation is responsible for oil’s enormous price swings . In its Perspectives

We have followed Hugh Hendry throughout during the last 12 months, as he built his high conviction case for deflation , and invested as such , ending the year up some 40% in his flagship Eclectica hedge fund. In the months since the beginning of March, however, his thesis has been challenged by the market’s renewed embrace of inflation risk, and stocks recovered off brutal lows, as a result of the deemed “risk” trade. By April, Hendry, who is not known for being a buy and hold investor, despit