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Sinclair

edmundfitzgeraldedmundfitzgerald Posts: 4,306 ✭✭
in Precious Metals
Sinclair was recently on kitco.com stating that he sees 800-1200 gold in the near or distant future. I believe it was a longer
term prognastication. I wonder how he arrived at that. I believe the dollar and many other economic factors will drive
gold prices much higher, but he's a much smarter guy then me.

Comments

  • jmski52jmski52 Posts: 22,825 ✭✭✭✭✭
    That doesn't sound like what Sinclair's been saying consistantly on his own website for years. Knowing Kitco, it could be a clip from 3 years ago. Got a link?
    Q: Are You Printing Money? Bernanke: Not Literally

    I knew it would happen.
  • edmundfitzgeraldedmundfitzgerald Posts: 4,306 ✭✭
    Yeah, I was suprised because it was on their website this week. I'll go look now.
  • MilesWaitsMilesWaits Posts: 5,349 ✭✭✭✭✭
    SINCLAIR. Nuff said. He's the MAN.

    Miles
    Now riding the swell in PM's and surf.
  • secondrepublicsecondrepublic Posts: 2,619 ✭✭✭
    For a number of years, he's been saying $1650 gold by January 2011.

    Maybe this is his guess for what comes after that?

    I'm also curious to see the article.
    "Men who had never shown any ability to make or increase fortunes for themselves abounded in brilliant plans for creating and increasing wealth for the country at large." Fiat Money Inflation in France, Andrew Dickson White (1912)
  • jmski52jmski52 Posts: 22,825 ✭✭✭✭✭
    It wouldn't surprise me if Kitco posted something and then took it back down. It's kinda their style. If you search their site for Sinclair, there is an Oct. 2006 article by someone else that mentions Sinclair and that approximate price range for gold.
    Q: Are You Printing Money? Bernanke: Not Literally

    I knew it would happen.
  • roadrunnerroadrunner Posts: 28,303 ✭✭✭✭✭
    Sinclair has always stated the gold will go through a topping phase and then pull back a moderate amount (15-30%) to set up a workable gold certificate ratio of sorts. So since he's still only posted the $1650 as his formal top, then something in the $1000-$1200 could make sense for a final settling point for gold. However he's also stated that he feels his $1650 goal is well understated and has added angels up to $2000. In fact he's left himself an out by stating that gold could easily rise to match Martin Armstrong's and Alf Fields' numbers of $5000+. For now, Sinclair is just dealing with the $1650 figure. One angel at a time. imageimage

    roadrunner
    Barbarous Relic No More, LSCC -GoldSeek--shadow stats--SafeHaven--321gold
  • MesquiteMesquite Posts: 4,075 ✭✭✭
    This he published on Friday.

    Bernanke Can’t Fool Everyone All The Time
    Posted: Oct 15 2010 By: Jim Sinclair Post Edited: October 15, 2010 at 8:37 pm

    Filed under: General Editorial

    Dear CIGAs,

    The Federal Reserve heard so much criticism of their QE that politically it was better to low profile it today.

    We were told of the many secret new ways the Fed has to drain liquidity, but none were offered as an example. This drain talk is as much prattle as it was when it took center stage six months ago.

    The Fed does not have a choice. It is economic death immediately, or give the OTC derivative disaster can another kick down the road to perdition.

    The disgraced top callers of the gold price, who once again are calling for a top in gold after having been proven wrong time and time again, are equally wrong today as they have been since 2002.

    Today Bernanke even defined MOPE as he defined the functional use of communication.

    Bernanke’s speech today was pure MOPE. Do not be confused by semantic nonsense. Gold will trade at $1650 and above.


    Copied from http://jsmineset.com/
    There are two ways to conquer and enslave a nation. One is by the sword. The other is by debt.
    –John Adams, 1826
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