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bdc63
Schumpeter Reincarnate


Joined: 16 Feb 2007
Posts: 4392
Location: Maryland

Re: Jim Sinclair - $1764 video
PostPosted: Wed Feb 22, 2012 7:42 pm Reply with quoteBack to top

$1764 was taken out again today. At the 2:30 Chicago pits close, gold is trading up $24 to $1782 (it started out the day down 4 or 5 bucks).

Could this be the long awaited breakout, or just another tease before the next correction?

_________________
"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
Demolition Man


Joined: 09 Aug 2007
Posts: 2101
Location: Northern California

Re: Jim Sinclair - $1764 video
PostPosted: Thu Feb 23, 2012 5:07 pm Reply with quoteBack to top

I'm all in on NUGT (3X GDX) for the move with my play paper.

Sinclair says that there may be a fight at $1764 but nevertheless it is the point at which gold will go into a geometric phase. Hot Dam%.

Once it is the dust we are on our way...which really is kinda sad because it will indicate bad times for the sheeple, failure of government, and loss of freedom IMHO.

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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
Schumpeter Reincarnate


Joined: 16 Feb 2007
Posts: 4392
Location: Maryland

Re: Jim Sinclair - $1764 video
PostPosted: Thu Feb 23, 2012 6:39 pm Reply with quoteBack to top

Quote:
1. What is going to happen is going to take place in March somewhere between the 14th and 20th in all probability.
2. What will determine the fate of markets is what action China does or does not take in providing funds to IMF bailout funds.
3. I believe China can and will extract significant trade and other benefits for their presence.
4. I believe China will want the same immunity that the IMF just took for themselves on sovereign debt in liquidation.
5. Greek gold will be held hostage to their debt.
6. That will accelerate the modest trend of repatriation of gold for the cellar of the New York Fed to nations like Germany that are certainly able to store their own wealth.
7. There will be an acceleration in the trend of utilization of other currencies than the dollar for contracting internationally regarding goods, service, oil and minerals.
8. I do not agree that we are at the doorstep now of major changes in the international monetary system. That comes in June of 2015.
9. I am certain that we are on the immediate threshold of the monster kick of the financial can down the road that is a dead end.
10. I believe China and the US Fed will assist in that great last can kick that backfires.
11. I am certain that I am in the right business and that business is the identification and accumulation of gold as gold is the ultimate survivor of what is about to happen.
12. I am certain the gold industry is mad as a Danbury hatter in selling their product the moment they produce it.
13. I am certain the gold and silver industry is in a transition back to the dividend producers they once were.
14. I am certain that the volatility in gold, silver and equities we have already seen is nothing compared to what is about to happen.
15. The last man standing among asset categories as the new monetary system is introduced sometime post June of 2015 will be gold and gold alone.

Therefore the soundest investment now is what I, and others (McEwen) are doing in building companies whose inventories of goods to be sold are mineable ounces of gold and other precious metals in the ground moving towards production.

The immense shorts in this industry group are whacked out noobies without a clue.

New mines need never pollute. Old mines can never be cleaned up. Open pit and surface enrichment is the type of gold that will be least effected by rising costs.

Respectfully,
Jim [Sinclair]

_________________
"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
Demolition Man


Joined: 09 Aug 2007
Posts: 2101
Location: Northern California

Re: Jim Sinclair - $1764 video
PostPosted: Tue Feb 28, 2012 4:45 pm Reply with quoteBack to top

Looking good. $1785. Been fighting right around $1764 for awhile now. Jim and others believe that $2000 will happen this year. Heck, Egon von Greyerz thinks $2000 will happen by COB March 2012.

_________________
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
Schumpeter Reincarnate


Joined: 16 Feb 2007
Posts: 4392
Location: Maryland

Re: Jim Sinclair - $1764 video
PostPosted: Thu Mar 01, 2012 1:22 am Reply with quoteBack to top

dreamer wrote:
I'm all in on NUGT (3X GDX) for the move with my play paper.


that can't be feeling to good today ...

_________________
"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
View user's profileSend private message
dreamer
Demolition Man


Joined: 09 Aug 2007
Posts: 2101
Location: Northern California

Re: Jim Sinclair - $1764 video
PostPosted: Thu Mar 01, 2012 3:46 pm Reply with quoteBack to top

You get used to the bs. I'm way up on this thing and IMHO it is gonna be a rocket. Read or listen to what Jim says about the big PM raid. Started right when da bernank began speaking...was used to cover up the huge QE from the Fed to the IMF to the ECB to da banksters. TPTB are IMHO desperate...and remember the professionals always 1st smash what they want to buy.

_________________
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...
View user's profileSend private message
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