Sinclair - Gold is Poised to Explode

Wolf359

Dayum!

Listen, there’s no stopping this Eric. It just can’t be stopped because these fools have so screwed it up that whatever kind of camouflage that gets pulled over at any time, whatever plays there are that Goldman is making this week or next week, it’s all noise. This stuff cannot be stopped because they have screwed things up that bad. I mean the place is a wreck, and nobody wants to fix anything. Everybody wants just to make it go one step further. They’ve kicked the can, and kicked the can, and the can has gone nuclear.”

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OPA

I'm waiting for the following.

Question asked: When will we see the first $100 move in a single day in gold?


“Before this year is out. That is one of the things which I’ve predicated my $1,650 by January of 2011 call on, and we are about to find out.

jmski52

I've noticed over the years that Jim Sinclair knows what he's talking about.

SmallTownCoins

What are those little gold cups in his picture....?

Ciccio

<< <i>What are those little gold cups in his picture....? >>



They are not cups, they are solid gold ingots. I think from China but I am not sure.

mhammerman

Sycees or taels

SmallTownCoins

Thanks, I googled and didnt find anything...
Its odd that he displays those like they are something special...

jmski52

If you look at them and compare them in size to his hands, it becomes apparent that they are not small ingots.

My understanding is that he owns/controls a gold mine in Tanzania and I am guessing that those are poured from his mine production and have been assayed as a matter of course.

pmcollectour

We haven't seen a major correction in gold in a few years. Maybe a drop of $100 or so here and there, but it appears
to be up, up, and away for the time being.

OPA

<< <i>Sycees or taels >>



Interesting ... awash in gold or wash of gold color

roadrunner

My understanding is that he owns/controls a gold mine in Tanzania and I am guessing that those are poured from his mine production and have been assayed as a matter of course.

His company owns some properties in Tanzania but as far as I know they have only started an exploratory drilling program with an NI 43-101 resources estimate due out in the not too distant future. Gold property....but no producing mine on the horizon as of yet. If there ever is a producing mine the royalty business plan is to have someone else do the construction and operations, while the original royalty company gets a small percentage for cutting them in. Many have questioned why the high share price and market cap for his company when there hasn't even been a resource estimate completed yet. No doubt many are trading on his reputation. And there are some very well known PM analysts who have bought into Tanzanian Royalty Exploration (TRE).

roadrunner