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Jim Sinclair - Strapping In For The Big Move in GOLD

Wolf359Wolf359 Posts: 7,656 ✭✭✭
in Precious Metals
...This is the time now as it was in 1979 that I went throttle to floor. This is the time now as it was in 1979 that I am committing 100% of all the cash I can accumulate to what I believe in. The gold banks are throwing blocks to the price as we approach $1262. This is a major waste of time and money as gold is going to and through that price. The only argument is whether gold will hit $1650 in January 2011 or $3000-$5000 in June 2011...

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Comments

  • MilesWaitsMilesWaits Posts: 5,349 ✭✭✭✭✭
    Batter up!

    Jim is on fire, as always.....

    Bring it on cause we now officially have reached "no turning around" and the big one.
    Now riding the swell in PM's and surf.
  • 57loaded57loaded Posts: 4,967 ✭✭✭
    yes, just opened my email.

    he seems more convicted in this email blast than any in the past i can remember. nothing cryptic either (to novice readers like myself)

    it will be interesting to see the 06/2011 POG though, won't it?
  • roadrunnerroadrunner Posts: 28,303 ✭✭✭✭✭
    When Jim starts talking like this it's often a sign of a top or at best a consolidation. Be careful out there. I don't think his "published" short term calls are better than 50-50. I'm not sure I see why a non-round figure like $1262 is the new $400?

    roadrunner
    Barbarous Relic No More, LSCC -GoldSeek--shadow stats--SafeHaven--321gold
  • jmski52jmski52 Posts: 22,825 ✭✭✭✭✭
    When Jim starts talking like this it's more often a sign of a top or at best a consolidation. Be careful out there.

    I agree with a caution sign here, but I also note that Jim's time horizon is coming to the fore, either by Jan, or June of 2011.

    What I like about Jim Sinclair is that he knows what's going on at the higher levels in finance and is willing to share his perspective.

    As with the Hunts, his timing last time (1980) would have been good, except for the interventions in the markets by CFTC, Volker et al.

    I think that the players are different this time and that the dynamics are also different now. One thing is sure, all governments love their fiat currencies.
    Q: Are You Printing Money? Bernanke: Not Literally

    I knew it would happen.
  • derrybderryb Posts: 36,795 ✭✭✭✭✭
    Current and future POG is a nothing more than a barometer of economic chaos (real or perceived). As the economy (or its perception) goes, so does the price of gold. I'm still buying!

    "Interest rates, the price of money, are the most important market. And, perversely, they’re the market that’s most manipulated by the Fed." - Doug Casey

  • agentjim007agentjim007 Posts: 6,256 ✭
    I can't buy gold. At $300/$400 I played a lot. Now an oz. is a mortgage payment, what happened to the old saying that an oz. of gold buys a nice suit? You can get a very nice suit under $1250.
  • roadrunnerroadrunner Posts: 28,303 ✭✭✭✭✭
    I think the saying was that one ounce would purchase a "fine" suit. That might have meant silk and hand crafted from the finest purebred wool to exacting measurements. While I personally think a suit under $1250 is more than fine, that might not be the case for a high roller. Longacre's opinion on this topic would be useful. Looking "like you paid" big dollars for your fine suit is not the same as having shelved out the dough to purchase a top label.

    This guy thinks a fine suit is around $2,000....hence gold has further to go.

    A fine suit - not for J6P

    roadrunner
    Barbarous Relic No More, LSCC -GoldSeek--shadow stats--SafeHaven--321gold
  • CiccioCiccio Posts: 1,405 ✭
    I buy nice suits for $250. Though, my company sells fine suits for $1695...maybe Sinclair is not that wrong! image
  • OPAOPA Posts: 17,119 ✭✭✭✭✭


    << <i>Batter up!

    Jim is on fire, as always.....

    Bring it on cause we now officially have reached "no turning around" and the big one. >>



    Or could it be that someone took him up on that $million dollar bet that he made a few years ago? He needs to drum up a lot of gold sales & interest in order for him to win.
    "Bongo drive 1984 Lincoln that looks like old coin dug from ground."
  • rpwrpw Posts: 235 ✭✭
    I think the saying was that one ounce would purchase a "fine" suit.

    I think the correct form of that saying these days would be to say "bespoke" suit.

    Another comparison that has been fairly constant since 1873 is that an ounce of gold will buy you a Colt Single Action Army. MSRP on guns has very little in common with the "street" price but if we check the sale price for one today it is $1,248.61 so that comparison is still pretty much spot on.
    imageimage Small Size National Bank Note Type Set $5-$100
  • BearBear Posts: 18,953 ✭✭✭
    So lets sum up the street consensus

    1. Gold will go to the sky

    2. Gold is topping out and is due for a major drop

    3. Gold will move in a narrow band.

    4. Silver will percentage wise ,out do gold

    The wheel is turning, pick your number and place your bets.image
    There once was a place called
    Camelotimage
  • JustacommemanJustacommeman Posts: 22,847 ✭✭✭✭✭
    >>



    Or could it be that someone took him up on that $million dollar bet that he made a few years ago? He needs to drum up a lot of gold sales & interest in order for him to win. >>



    No one did. Besides, Sinclair would not miss one million dollars or 20 million for that matter. MJ
    Walker Proof Digital Album
    Fellas, leave the tight pants to the ladies. If I can count the coins in your pockets you better use them to call a tailor. Stay thirsty my friends......
  • goingbrokegoingbroke Posts: 1,410
    ***APPROACH WITH CAUTION***
    Many successful BST transactions ajia
    (x2,Meltdown),cajun,Swampboy,SeaEagleCoins,InYHWHWeTrust, bstat1020,Spooly,timrutnat,oilstates200, vpr, guitarwes,
    mariner67, and Mikes coins
  • pf70collectorpf70collector Posts: 6,647 ✭✭✭
    Well I have bought about 6 ounces of the Last Liberty Golds. But these will probably be sold in the next few months. I know platinum skyrocketed to 2300 an ouce and then collapsed to 900 an ounce in a very short time in 08. Could gold do the same........ I wish I knew.
    Montana State Quarter Die Clash

    Box of 20
  • BearBear Posts: 18,953 ✭✭✭
    The motto is: BUY IT RIGHT, THEN SIT TIGHT!image
    There once was a place called
    Camelotimage
  • renman95renman95 Posts: 7,037 ✭✭✭✭✭


    << <i>...This is the time now as it was in 1979 that I went throttle to floor. This is the time now as it was in 1979 that I am committing 100% of all the cash I can accumulate to what I believe in. The gold banks are throwing blocks to the price as we approach $1262. This is a major waste of time and money as gold is going to and through that price. The only argument is whether gold will hit $1650 in January 2011 or $3000-$5000 in June 2011...

    He's getting close to my $8k by the end of 2012 prediction. image
  • roadrunnerroadrunner Posts: 28,303 ✭✭✭✭✭
    Plus Jim really didn't want to make a bet with a trader who would only hedge their bets with another derivative. Sort of defeats the purpose of a "friendly" bet to prove a point.

    roadrunner
    Barbarous Relic No More, LSCC -GoldSeek--shadow stats--SafeHaven--321gold
  • NumbersUsacomNumbersUsacom Posts: 1,457 ✭
    $ 7000.00 here we come. I'm selling at $ 6,400.00 as mentioned earlier. Don't want to be greedy.
    NumbersUsa, FairUs, Alipac, CapsWeb, and TeamAmericaPac
  • 57loaded57loaded Posts: 4,967 ✭✭✭
    another email today from Sinclair....i post because one thing piqued my interest and it was the "discount" on old $50 and $100 bills where Sinclair is in Tanzania, due to the easy counterfeiting of the older bills. (maybe this has been going on for years, there i don't know)

    the new $100 bills will be out next year, they are for HERE, folks, even though we mostly use electronic transactions now. THINK

    i feel chaos is on the horizon, hopefully it will not lead to full anarchy.
  • roadrunnerroadrunner Posts: 28,303 ✭✭✭✭✭
    Do you think those "new" $100's are just in time for a dollar revaluation?

    roadrunner
    Barbarous Relic No More, LSCC -GoldSeek--shadow stats--SafeHaven--321gold
  • PerryHallPerryHall Posts: 46,122 ✭✭✭✭✭


    << <i>Do you think those "new" $100's are just in time for a dollar revaluation?

    roadrunner >>



    No. It's to fight the super counterfeit $100's coming out of North Korea and other places.

    Worry is the interest you pay on a debt you may not owe.
    "Paper money eventually returns to its intrinsic value---zero."----Voltaire
    "Everything you say should be true, but not everything true should be said."----Voltaire

  • agentjim007agentjim007 Posts: 6,256 ✭
    I thought they already changed the $100 to make them counterfeit proof and all other denominations except $1. Do you mean it was a failure and they wasted money?
  • PerryHallPerryHall Posts: 46,122 ✭✭✭✭✭
    No bill is counterfeit proof. It's an evolutionary process. The government has to keep adding anticounterfeiting features as the counterfeiters get better with their products---especially when it being done by third world governments like North Korea.

    Worry is the interest you pay on a debt you may not owe.
    "Paper money eventually returns to its intrinsic value---zero."----Voltaire
    "Everything you say should be true, but not everything true should be said."----Voltaire

  • chumleychumley Posts: 2,305 ✭✭✭✭
    maybe we could make north korea the 51st state...they would immediately go into recession and not have time for shennigans
  • 57loaded57loaded Posts: 4,967 ✭✭✭
    the spin is that they are to furthur devalue the counterfeit currency overseas, yet there are myriad of conspiracy stories. even the super scary ones that that like in "Mission Impossible" they will self destruct, ie need to be redeemed for new ones every few years.

    BUT if that is the reason (combating counterfeit bills)......why waitimage

    2nd edit your thought RR is like the "Mission Impossible"...i think
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