Gold
JupitarCoins
Posts: 2,595 ✭
Well it just broke below the $900 mark. How low will it go today?
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Comments
Gold options point to $1,200
Posted On: Tuesday, July 29, 2008, 7:32:00 PM EST
A Revealing Day In The Systemic Problem Known As Our Financial System
Author: Jim Sinclair
Dear Friends,
There has never been a more revealing day as today when it comes to the systemic problem which can be best described as the breakage of the financial system. The spin today also reached unprecedented levels calling the Merrill deals a sign that the credit problem is mostly behind us. Please look at my report on www.JSMineset.com about the Merrill triple deals of obscuration, the revelation of the FASB news article and more. Recognize, please, that the method of computing future mortgage values spoken of today is extremely flawed, yet today the media spoke about seeing the low in the housing crisis.
My take is simple:
You must protect yourself immediately from failure of your financial agents, brokers or trust bank.
You must protect your investment shares and retirement accounts against the failure of the broker or trust bank.
Gold is going to $1200 this year.
Gold will trade at $1650 on or before January 14th, 2011
The US dollar will break below .7200 then visit .6200 on the USDX.
Don't let the madness of the fools who have been fooled soil your thinking.
PLEASE do not use margin in anything gold!
If you must trade futures, for your sake, use the basic technical analysis that I have taught you.
Utilize the three tools that I have given you that no text book speaks about. These are secrets of the trading ages given to you gratuitously.
<< <i>Here's a couple of views for 2008. Gold always seems to take off after the summer.
Gold options point to $1,200
Posted On: Tuesday, July 29, 2008, 7:32:00 PM EST
A Revealing Day In The Systemic Problem Known As Our Financial System
Author: Jim Sinclair
>>
ah the gold bugs are back out preaching the gospel according to sinclair.
he will continue preaching this until people say he was right when gold briefly
gets to a new high and then settles down for its decade long bear run in the
near future. it might be 7 years from now when gold, due to inflation, hits
1500 but they will say he was right!!!
of course, do not let his bias as a gold company executive confuse you...
his emails get old really fast preaching the same thing years on end...
saying things like "this is it!" "hold on tight!".
everything he mentions in his emails has happened before in past history.
banks have failed, bailouts took place, debt grew higher, and the dollar was
at an all time low...
yawn. gold to me, is worth about 750 an ounce. go work a week and dig out
an ounce of gold from the ground and i would be happy with a 750-900 cash
payday per week. that is like 50000 a year.
<< <i>
Gold is going to $1200 this year.
Gold will trade at $1650 on or before January 14th, 2011
The US dollar will break below .7200 then visit .6200 on the USDX...
...Utilize the three tools that I have given you that no text book speaks about. These are secrets of the trading ages given to you gratuitously. >>
With all due respect, I'm always suspicious of someone who claims to know exactly what a market will do, or to have "secrets" no one else knows about. Like the commercials that are always selling something that "the government doesn't want you to know about". Or the credit card companies, or retailers, etc.
<< <i>
<< <i>Here's a couple of views for 2008. Gold always seems to take off after the summer.
Gold options point to $1,200
Posted On: Tuesday, July 29, 2008, 7:32:00 PM EST
A Revealing Day In The Systemic Problem Known As Our Financial System
Author: Jim Sinclair
>>
ah the gold bugs are back out preaching the gospel according to sinclair.
he will continue preaching this until people say he was right when gold briefly
gets to a new high and then settles down for its decade long bear run in the
near future. it might be 7 years from now when gold, due to inflation, hits
1500 but they will say he was right!!!
of course, do not let his bias as a gold company executive confuse you...
his emails get old really fast preaching the same thing years on end...
saying things like "this is it!" "hold on tight!".
everything he mentions in his emails has happened before in past history.
banks have failed, bailouts took place, debt grew higher, and the dollar was
at an all time low...
yawn. gold to me, is worth about 750 an ounce. go work a week and dig out
an ounce of gold from the ground and i would be happy with a 750-900 cash
payday per week. that is like 50000 a year. >>
Wow. Just wow. I hope you are being facetious. It's just that easy, is it? Just dig a hole in the ground, one guy with a shovel, and find an ounce of gold. Yep, just dig a hole and there will be a shiny maple leaf waiting for you just a few feet down.
You also say you shouldn't take Sinclair's advice because he is a gold company executive and therefore biased. Using that logic, you cannot take advice from anybody on CNBC because they sell stocks for a living. You cannot take financial advice from any broker because they are biased and only want you to buy stocks and support their jobs.
ah the gold bugs are back out preaching the gospel according to sinclair.
he will continue preaching this until people say he was right when gold briefly
gets to a new high and then settles down for its decade long bear run in the
near future. it might be 7 years from now when gold, due to inflation, hits
1500 but they will say he was right!!!
of course, do not let his bias as a gold company executive confuse you...
his emails get old really fast preaching the same thing years on end...
saying things like "this is it!" "hold on tight!".
everything he mentions in his emails has happened before in past history.
banks have failed, bailouts took place, debt grew higher, and the dollar was
at an all time low...
yawn. gold to me, is worth about 750 an ounce. go work a week and dig out
an ounce of gold from the ground and i would be happy with a 750-900 cash
payday per week. that is like 50000 a year.
Who's biased? You've been 100% wrong 100% of the time ever since posting to these types of threads. The information he provides is free and he's offering 1 million dollars to anyone that would like to take his 2011 bet. I guess "gold bug" or "end of the world" is always used to try to make people look foolish. Are things better or worse than 2002? Not only much worse but some of the greedy bankers and wall street types should be thrown into jail IMO.
Try clicking on the link that's not a Sinclair link. I guess some just want everything to magically go away you know the media saying everything is behind us right? Say what you want about Sinclair he been in and out of gold and made the call for us in 79/80. He knows his stuff and you don't from where I'm sitting and reading and he's not selling a thing.
That's always a conundrum, isn't it? It makes sense that an expert in something would have an opinion worth listening to, but true experts have usually found away to profit from their knowledge, making them biased and therefore not worth listening to!
<< <i>
You also say you shouldn't take Sinclair's advice because he is a gold company executive and therefore biased. Using that logic, you cannot take advice from anybody on CNBC because they sell stocks for a living. You cannot take financial advice from any broker because they are biased and only want you to buy stocks and support their jobs. >>
Yes to all. I pick my own stocks in the form of mutual funds and do so with ones that are very old and have a good return. Anyone that keeps predicting something will eventually be right.
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#1 1951 Bowman Los Angeles Rams Team Set
#2 1980 Topps Los Angeles Rams Team Set
#8 (and climbing) 1972 Topps Los Angeles Rams Team Set
<< <i>
<< <i>
<< <i>Here's a couple of views for 2008. Gold always seems to take off after the summer.
Gold options point to $1,200
Posted On: Tuesday, July 29, 2008, 7:32:00 PM EST
A Revealing Day In The Systemic Problem Known As Our Financial System
Author: Jim Sinclair
>>
ah the gold bugs are back out preaching the gospel according to sinclair.
he will continue preaching this until people say he was right when gold briefly
gets to a new high and then settles down for its decade long bear run in the
near future. it might be 7 years from now when gold, due to inflation, hits
1500 but they will say he was right!!!
of course, do not let his bias as a gold company executive confuse you...
his emails get old really fast preaching the same thing years on end...
saying things like "this is it!" "hold on tight!".
everything he mentions in his emails has happened before in past history.
banks have failed, bailouts took place, debt grew higher, and the dollar was
at an all time low...
yawn. gold to me, is worth about 750 an ounce. go work a week and dig out
an ounce of gold from the ground and i would be happy with a 750-900 cash
payday per week. that is like 50000 a year. >>
Wow. Just wow. I hope you are being facetious. It's just that easy, is it? Just dig a hole in the ground, one guy with a shovel, and find an ounce of gold. Yep, just dig a hole and there will be a shiny maple leaf waiting for you just a few feet down.
You also say you shouldn't take Sinclair's advice because he is a gold company executive and therefore biased. Using that logic, you cannot take advice from anybody on CNBC because they sell stocks for a living. You cannot take financial advice from any broker because they are biased and only want you to buy stocks and support their jobs. >>
As for panning gold, an old timer who knows where to go and where to dig/metal detect can probably do
just fine in public areas where this is allowed. heck, for some it is a hobby and if you do it for 40-50 hours
a week it in not unreasonable alone or with a team to make a profit. more people are doing it then we think
in CA and AL. Of course a rube of the street with no experience will have a huge learning curve to go through.
You are over simplifying the situation and what exactly are your experiences or research in the area of
metal detecting or panning for gold? me? i have read enough books about it to understand the basics.
the amount of books i have read about the gold rush history, mining/panning for gold/silver, and etc... is
huge. I read them now days and quickly recall what older books they stole from to create theirs even down
to the drawings inside.
heck man, they even have places you can go visit to learn the basics with an old timer in western USA.. and
they can train a child in an hour or two to learn how to pan gold.. they always come away with small amounts
in just those few hours all the way to a small nugget.. and on a rare occasion a large nugget...
so if you prospect for a living it is not unreasonable to set a goal for an ounce a week!
as for your next paragraph, i would not take advice from a dork on cnbc about stocks. i think brokers are mostly
idiots who want commissions and just spout the crap they read every day without original thought. i would
not trust a ceo to tell me that his company is awesome and to invest in it.
i want to do my own research and think for myself.
a normal link to a gold prospecting club
<< <i>
You also say you shouldn't take Sinclair's advice because he is a gold company executive and therefore biased. Using that logic, you cannot take advice from anybody on CNBC because they sell stocks for a living. You cannot take financial advice from any broker because they are biased and only want you to buy stocks and support their jobs. >>
i would do anything Erin Burnett asked me to do........
I was wondering how tough it is to find gold. I was digging some holes for plants and noticed that there is a lot of gold dust in the sand after I use some water to wash away some of the sand. So far I have not found any gold nuggets but I think you can find gold everywhere in some amounts.
San Diego, CA
<< <i>ah the gold bugs are back out preaching the gospel according to sinclair.
he will continue preaching this until people say he was right when gold briefly
gets to a new high and then settles down for its decade long bear run in the
near future. it might be 7 years from now when gold, due to inflation, hits
1500 but they will say he was right!!!
of course, do not let his bias as a gold company executive confuse you...
his emails get old really fast preaching the same thing years on end...
saying things like "this is it!" "hold on tight!".
everything he mentions in his emails has happened before in past history.
banks have failed, bailouts took place, debt grew higher, and the dollar was
at an all time low...
yawn. gold to me, is worth about 750 an ounce. go work a week and dig out
an ounce of gold from the ground and i would be happy with a 750-900 cash
payday per week. that is like 50000 a year.
Who's biased? You've been 100% wrong 100% of the time ever since posting to these types of threads. The information he provides is free and he's offering 1 million dollars to anyone that would like to take his 2011 bet. I guess "gold bug" or "end of the world" is always used to try to make people look foolish. Are things better or worse than 2002? Not only much worse but some of the greedy bankers and wall street types should be thrown into jail IMO.
Try clicking on the link that's not a Sinclair link. I guess some just want everything to magically go away you know the media saying everything is behind us right? Say what you want about Sinclair he been in and out of gold and made the call for us in 79/80. He knows his stuff and you don't from where I'm sitting and reading and he's not selling a thing. >>
100% wrong huh? i sold all my gold except for a few coins at around
950 an ounce area. Gold is having a hard time staying above that
for more then a few hours/days/week.
the gold bugs are predicting 1200 for the last years and eventually
they will be right i suppose.
as for the economy, i do not see a problem for average people
who live within their means. i see a bunch of freaks crying because
they spend money too friviously and make bad investments.
in my case and the people i know who work hard and are educated,
things are better for us compared to 2002. good times! I just got
a 10% raise last week.. I am making smart choices to limit my spending and others are also. Housing is going down in price and
that is great! I am looking to buy a home in the next year or two.
you see crap, i see opportunity.
if you do not have an education, of course you will end up poor and
always looking for a handout. if you do not have an education you
better use your brain really quick to make some cash or work your
butt off in other ways.
sinclair is constantly spouting off the same old crap day after day.
a boob knew gold at 400 was cheap and it would go up. saying gold
will go from 900 to 1200 is just a guess which i think is wrong in the
short term. so far i am 100% right.
you guys are happy when you are surrounded by other gold bugs
but when someone thinks differently then you, you guys seem to get
mighty upset! I wonder why?
Sinclair got a guess right 28 years ago... that is his claim to fame
for this next guess. ok! got it! heard that before too.
<< <i>i sold all my gold except for a few coins at around 950 an ounce area. >>
Thank you very much! It saddens me when a collection scatters. They will be loved and cared for!
Nothing I could say to make you sell more to me, then?
The most annoying thing I see about gold promoters is their penchant for spreading panic. They paint worst case pictures. Their imagination runs wild. They lose sight of facts.
<< <i>
The most annoying thing I see about gold promoters is their penchant for spreading panic. They paint worst case pictures. Their imagination runs wild. They lose sight of facts. >>
Have you seen the kitco forums? Talk about a bunch of howling monkey jeerleaders almost begging for economic collapse. wow... Like I've said before folks, I have a small % of my total assets in gold, but it would be a great disservice to a young person just starting out in life to tell them to invest in nothing but gold and avoid the stock market altogether and I have seen people here say that they would in fact advice a young kid to invest in gold only.
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#1 1951 Bowman Los Angeles Rams Team Set
#2 1980 Topps Los Angeles Rams Team Set
#8 (and climbing) 1972 Topps Los Angeles Rams Team Set