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dreamer
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Joined: 09 Aug 2007
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Re: Jim Sinclair - $1764 video
PostPosted: Wed Aug 24, 2011 6:06 pm Reply with quoteBack to top

I dunno what he will say but I know what he won't say.

He won't say:

Interest rates are headed up
We will not do QE3
The bad economics is due to the frauds banksters did

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Aaron
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Joined: 24 Jan 2007
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Re: Jim Sinclair - $1764 video
PostPosted: Wed Aug 24, 2011 9:49 pm Reply with quoteBack to top

Rickards says "Operation Twist II" -- reinvesting proceeds of short money into the long end of the yield curve. (Rather than QE3)

I concede its possible but I think the "beneficial" effect would be short-lived -- seems like we'd just get a bunch of front-running, which would make it look like Bernanke's play is working, but then when the market realizes there's not enough Fed buying heft behind the move in perpetuity, it will sell off. At the end of OTII long yields would be even higher.

It's convoluted stuff. But all amounts to different variants of money-printing.
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bdc63
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Joined: 16 Feb 2007
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Re: Jim Sinclair - $1764 video
PostPosted: Thu Aug 25, 2011 12:39 pm Reply with quoteBack to top

Yeah, all the economists that CNBC is parading across the screen today are prediciting operation twist. I guess we haven't had any better ideas in the last 50 years, so we have to dust off something from the Kennedy admistration.

Santelli asked how this was going to improve the other half of the FEDs mandate - full employment. Of course, its not.

Santelli also pointed out that during QE1 and QE2 lots of money went into the sausage maker, but no sausage (lending) came out the other end ... so how was it going to "be different this time". Of course, its not.

But hey! Bernanke will get a stock market rally out of it, and it will appear things are getting better for awhile. We have "polish a turd" monetary policy - but alas, when they're done polishing, its still a turd.

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"Socialism only works in two places: Heaven where they don't need it and h*ll where they already have it." -- Ronald Reagan
"Everybody, sooner or later, sits down to a banquet of consequences." -- Robert Louis Stevenson
“Gold is money. Everything else is credit.” -J.P. Morgan, testifying to Congress in 1912
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dreamer
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Re: Jim Sinclair - $1764 video
PostPosted: Thu Aug 25, 2011 5:32 pm Reply with quoteBack to top

Fluctuating right around $1764. How did he do that? To have made the call in 2001 of getting o $1650 by Feb 2011 and only being off by months was incredible. One of the most amazing calls I have ever seen. Jim talks the talk and walks the walk and has been right. Greenspasm, paulson, the bernank, and timmy and all the CNBC crowd have been wrong...yet who is worshipped and followed? Just goes to show ya that the Fed teat suckers will do anything to keep getting their milk...lie, cheat, steal, and ...

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Aaron
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Re: Jim Sinclair - $1764 video
PostPosted: Thu Aug 25, 2011 9:45 pm Reply with quoteBack to top

dreamer wrote:
Fluctuating right around $1764. How did he do that? To have made the call in 2001 of getting o $1650 by Feb 2011 and only being off by months was incredible.


I think he has some sort of cycle methodology, but from what I've seen, Sinclair and all the best traders who use technicals also have a big "feeling it out" component.

He's Bert Seligman's son. Jesse Livermore considered himself Seligman's protegee. So, I'm sure Jim got a good sense of those trading "feelings".
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bdc63
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Re: Jim Sinclair - $1764 video
PostPosted: Tue Aug 30, 2011 6:02 pm Reply with quoteBack to top

Embry - Incredible Physical Gold Demand, Premiums Exploding

http://kingworldnews.com/kingw.....oding.html

With gold consolidating recent gains, today King World News interviewed John Embry, Chief Investment Strategist of the $10 billion strong Sprott Asset Management. When asked if he purchased gold in the recent decline Embry stated, “Well, as a matter of fact I picked up two kilo bars in the low $1,700s. I think the recent low may very well mark the bottom. This was a classic smash down, replete with a Comex margin hike and I think the cartel might have been taken aback by the ferocity of the rally because they had a lot of people shorting along with them on the way down.”

John Embry continues: “Now gold is going to have to digest the gains. The backdrop for higher gold and silver prices is magnificent. If you look at it from an Austrian (economists) point of view, there has to be a terrible economic outcome to this because of the incredible debt explosion. Plus you have the additional leverage that was created by astounding amounts of derivatives. There has never been anything like this.

Jim (Sinclair) was the guy who saw it first. I can’t tell you how much respect I have for Jim Sinclair, I just think the guy is unbelievable and he’s dead right. What got me about Sinclair was the fact that he stepped off the gold trade at the absolute peak in 1980 and vanished for twenty years.”

When asked about the shorts in gold Embry responded, “They shouldn’t have been short to begin with. The physical demand for gold is accelerating. People that were shorting into this precipitous drop were unaware of the condition of the physical market. The premiums all over Asia have blown out to the upside and I think the Vietnamese premium was the largest I’ve ever seen. Big premium in Shanghai, Indian premiums blew out to positive levels, that’s all indicative of physical buying.”

When asked about silver specifically Embry remarked, “I would be less concerned about the timing in silver now than the fact that you must be there. Whether it could correct further from here, I don’t know, but it doesn’t make any difference because the next big move is going to be huge and it’s going to be up. The key is how long can the huge bullion bank short hold its position and continue to try to influence the market

“When asked about the action in the mining shares Embry had this to say, “I think it’s extraordinarily important that the mining stocks have to act well today in the face of this orchestrated take down once again in gold. In my opinion the mining shares are acting well and I think they are just building up a head of steam under the 600 level (on the HUI). The next time that it blows through 600 it’s off to the races.

The fundamentals for the gold stocks have improved considerably. The fact is that the higher price for gold, coupled with lower input costs is going to lead to better margins. What’s really going to unleash these stocks is the realization that gold and silver aren’t in a bubble and in fact they are just getting ready to move on to higher levels.

When this is grasped by the public and they realize how far behind the bullion prices the shares are, there is going to be a massive catch-up all in what will seem like one moment. It’s going to happen and when it happens there is going to be a lot of money made.”

_________________
"Socialism only works in two places: Heaven where they don't need it and h*ll where they already have it." -- Ronald Reagan
"Everybody, sooner or later, sits down to a banquet of consequences." -- Robert Louis Stevenson
“Gold is money. Everything else is credit.” -J.P. Morgan, testifying to Congress in 1912
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dreamer
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Re: Jim Sinclair - $1764 video
PostPosted: Fri Sep 02, 2011 5:40 pm Reply with quoteBack to top

wake me at $4764...

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There isn't anything so bad that the Government can't make worse...

The 4-functions of government today are the same as a criminal enterprise: Lie, Cheat, Steal, and Kill...
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bdc63
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Re: Jim Sinclair - $1764 video
PostPosted: Tue Sep 06, 2011 3:16 pm Reply with quoteBack to top

From Sinclair's website today ... our generation's version of Exter's Pyramid

Image

_________________
"Socialism only works in two places: Heaven where they don't need it and h*ll where they already have it." -- Ronald Reagan
"Everybody, sooner or later, sits down to a banquet of consequences." -- Robert Louis Stevenson
“Gold is money. Everything else is credit.” -J.P. Morgan, testifying to Congress in 1912
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bdc63
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Joined: 16 Feb 2007
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Re: Jim Sinclair - $1764 video
PostPosted: Thu Sep 15, 2011 2:46 pm Reply with quoteBack to top

We are approaching $1764 again today - it will be interesting to see where we close today.

From Jim's site this morning:

Quote:
September 14, 2011, at 2:40 pm
by Jim Sinclair in the category 'In The News'

Dear CIGAs,

From Tanzania I wish you all, my extended family, a good night. It has been a long but delightful day. The following observation from Master Kenny is important:

"We are in the 17th day of corrective action, and near the end of our minimum expectation of time required (15 to 18 days) to exhaust this corrective action, (but with a maximum time factor still projected at not more than 36 to 40 days). Each failed attempt to close below 1770 widens out this accordion correction and weakens the possibility of for a return to the 1705.40 low."

_________________
"Socialism only works in two places: Heaven where they don't need it and h*ll where they already have it." -- Ronald Reagan
"Everybody, sooner or later, sits down to a banquet of consequences." -- Robert Louis Stevenson
“Gold is money. Everything else is credit.” -J.P. Morgan, testifying to Congress in 1912
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Aaron
A-Bomb


Joined: 24 Jan 2007
Posts: 824
Location: Atlanta, GA

Re: Jim Sinclair - $1764 video
PostPosted: Thu Sep 15, 2011 4:31 pm Reply with quoteBack to top

bdc63 wrote:
We are approaching $1764 again today - it will be interesting to see where we close today.


Lehman-like funding crisis.... banks are having to use gold as collateral for cash loans (since final payment tends not to be done in gold these days)... this is pushing the lease rate negative, which is putting downward pressure on the gold crisis. This is big. But as for the gold price, certainly a short-term ordeal.
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