Stevens…….
Good ole’ Jim had (has) a lot of ‘fiat’ invested in his TRE. And has continually pumped his money into same. Would you? Tanzania? Can’t pay off the Gold Producers. They turn in over to their corrupt Central BONK……..and what do you know…….
Oh……….we’re not able to pay you.
SORRY.
Sinclair
-> Posted by stevens @ 21:00 pm on November 14, 2008
Sinclair is saying something is going to happen to put a fire under the price of GOLD between today and 66 days from now! If recent market actions have not sent gold to his $1200 target, What would it take to move this gold bull again??? I know Sinclair has something in mind, but what??
Let today be your answer to the many question concerning whether gold will ever rise again. The answer is it will to $1200 and then onward to $1650.
I suspect that we could soon have a financial/felony experience that could land on the dollar like a piece of lead.
I suspect that the instant the USDX breaks its present up-trend line from .72 to about .89, it will look like the dollar stepped into an elevator door and found no elevator there.
I suspect that the next move in gold will witness the massive short covering in all variety of shares, both majors and juniors.
Under no circumstances give away your insurance (gold and all things gold) and if you have then for your sake buy your insurance policy back ASAP (gold and all that is gold).
Gold is a currency that you will see perform as the currency of choice. There is no doubt we are headed into a planetary Weimar experience to some degree.
Dollars are being created faster now than in any other period in history. The Fed and treasury are guaranteeing everything from money market funds to large corporate entities in one way or another.
The first valuation of worthless OTC derivatives via a public sale of these at .0875 to .02 cents shocked anyone with a brain. Now the downturn in business is hitting financial entities and shortly litigation will smoke whatever is left.
The FDIC is already yelling for additional and significant funding from congress as their capital contracts on every Friday’s bailout and their responsibility to cover now goes to GE, a non-bank with no depositors.
People expect things to return to normal in 2010. That is a fairy tale.
All these bailouts and Federal guarantees on credit items constitute a white wash on a falling economic structure going out of control and soon.
The out of control point of major planetary dislocation is between today and 66 days from now.