Dear CIGAs,

Pakistan is unraveling under a structured strategy to capture the means and secrets of the production of weapons of mass destructions and their delivery. This starts a process certain to come to a head in the first quarter of 2011.
As you have been informed here, this situation is the epicenter of the sum of all fears. It will NOT be contained as it is a process moving forward toward an impossible problem.

Immediately gold is under the control of the magnet at $887.50 with resistance certain to show at $880.

Jim Sinclair’s Commentary

Not only will there be more markdowns by every entity involved in SIVs (which is almost every worldwide financial entity) but they will suffer significantly over the next two years as a result of defenseless litigation now being organized against them.

Citigroup and Merrill face bigger writeoffs: analyst
Thu Dec 27, 2007 7:57am EST

NEW YORK (Reuters) - Citigroup Inc (C.N), Merrill Lynch & Co (MER.N) and JPMorgan Chase & Co (JPM.N) may face larger fourth-quarter write-offs of fixed-income securities than previously expected, and Citigroup may have to slash its dividend 40 percent to preserve capital, according to a Goldman Sachs & Co analyst.

"It will be a couple of quarters before the current credit crisis is fully digested by the markets," the analyst, William Tanona, wrote on Thursday.

The analyst issued his forecast after banks said they would write off tens of billions of dollars of debt this quarter, as rising mortgage and credit losses led investors to shun debt once thought safe but now deemed risky. Citigroup replaced Chief Executive Charles Prince with Vikram Pandit, while Merrill replaced Chief Executive Stanley O'Neal with John Thain.

Citigroup, Merrill and JPMorgan did not immediately return calls seeking comment.