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0 Markets Create Spun Reasons For Financial Reporting: By Jim Sinclair

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Markets create spun reasons for financial reporting. Reasons given by financial reporting do not make markets. Financial reporting is the basis for frantic interlopers to talk their position. As the day wore on, Financial TV today decided gold was down because there was no longer any chance of serious debt problems for Greece, Spain, Italy, Portugal or Italy. Their reason was that the Spanish debt offerings went so well even in the face of potential rating agency downgrades announced yesterday. The euro took out the $1.24 to $1.25 resistance in a short covering panic thereby busting the dollar in its mirror image. The gold banks piled on the Comex paper exchange, therein scaring the hell out of the super leverage guys, taking gold down hard. This gives us certain points to consider: more.....

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