Home› Precious Metals
Options

Sinclair calls $1764 gold major turning point

derrybderryb Posts: 36,212 ✭✭✭✭✭
in Precious Metals
"$1600 in gold is simply another round number which will create drama, but no opposition to the increasing price. Nothing additional is required for a higher price of gold. The damage is done. The debt of the entire Western world is beyond out of hand. The so called solution, just like raising the debt ceiling, will be acts of kicking the can down the road. We have come to the end of the road. The result of no financial discipline anywhere in the Western world is unfolding. Gold will challenge $1764 where a hyperbolic price appreciation will start."

Raising The Debt Ceiling Does Not Fix The Problem

Give Me Liberty or Give Me Debt

Comments

  • Options
    MilesWaitsMilesWaits Posts: 5,310 ✭✭✭✭✭
    I think the lack of replies reflects the shock and awe postion we are in with regards to Sinclair's increased respect/street cred.

    Miles
    Now riding the swell in PM's and surf.
  • Options
    OnlyGoldIsMoneyOnlyGoldIsMoney Posts: 3,300 ✭✭✭✭✭
    What is so important about $1,764 as opposed to $1,750 or $1,760image
    NO END IN SIGHT LIB $2.50'S CAC ONLY
    https://www.pcgs.com/setregistry/gold/liberty-head-2-1-gold-major-sets/liberty-head-2-1-gold-basic-set-circulation-strikes-1840-1907-cac/alltimeset/268163
  • Options
    jmski52jmski52 Posts: 22,380 ✭✭✭✭✭
    Sinclair knows quite well how the government markets and the finance markets work - his insights are as good as Richard Russell's and more valuable than most everyone else's.

    Of course, this forum does pretty well for itself too.

    Added: $1,764 is just a number, much like $1,650 is just a number. $850 gold seems like just yesterday, and yet I remember when people in the Coin Forum scoffed at that possibility.

    Things are happening faster than most people realize.
    Q: Are You Printing Money? Bernanke: Not Literally

    I knew it would happen.
  • Options
    derrybderryb Posts: 36,212 ✭✭✭✭✭


    << <i>What is so important about $1,764 as opposed to $1,750 or $1,760image >>


    I'm sure it's a landmark on his top secret personal chart.

    Give Me Liberty or Give Me Debt

  • Options
    cupronikcupronik Posts: 773 ✭✭✭
    What does Dave Ramsey have to say?
  • Options
    GRANDAMGRANDAM Posts: 8,376 ✭✭✭✭✭


    << <i>What does Dave Ramsey have to say? >>



    -----------------------------------------------------

    Dave Ramsey is ANTI-GOLD image

    He says with the exception of the last 5 yrs gold has been a bad investment.

    Thing is this ain't 5 yrs ago........ image

    GrandAm image
    GrandAm :)
  • Options
    ocon4008ocon4008 Posts: 1,703


    << <i>Calling increasing the debt ceiling a solution to a debt problem is too stupid to be stupid. >>



    Great line; Sinclair for Secretary of Treasury.image
  • Options
    roadrunnerroadrunner Posts: 28,303 ✭✭✭✭✭


    << <i>What is so important about $1,764 as opposed to $1,750 or $1,760image >>



    Sinclair's key gold levels (ie angels) have been rising in an exact numerical sequence since $1024 gold when the first add-on number was $65 ($1089). The last
    angel was $1600 and was $79 higher than the previous one. Next one is $81 higher ($1681). Then comes $1764 (+$83). As to how he determined this
    sequence, I have no clue. So $1764 does have more importance to him than $1750. In the end, I don't $14 makes all that much difference.

    Sinclair was once on the short list for potential Treasury Secretary candidates. At least that's what he has stated.

    roadrunner
    Barbarous Relic No More, LSCC -GoldSeek--shadow stats--SafeHaven--321gold
  • Options
    cupronikcupronik Posts: 773 ✭✭✭
    "Dave Ramsey is ANTI-GOLD." Boy, you got that right! I think he personally hates gold.

    He wouldn't have you buy it at all, not even at $300. back in 2001.

    Many establishment people have always thought gold & silver lie outside the box when it comes to investments (increasing one's wealth.)

  • Options
    OPAOPA Posts: 17,104 ✭✭✭✭✭
    He's late in his prediction....G.S. predicted $1750 gold by 2012 in 12/2010...

    Goldman Sachs
    "Bongo drive 1984 Lincoln that looks like old coin dug from ground."
  • Options
    jdillanejdillane Posts: 2,364 ✭✭✭
    Sinclair offered $1MM wager in 2008 that gold would hit $1650 by Jan 2011. Did anyone take him up on the wager?
  • Options
    OnlyGoldIsMoneyOnlyGoldIsMoney Posts: 3,300 ✭✭✭✭✭
    Sinclair must be smiling tonight.

    We're getting mighty close to $1,764. Its $1750 as I write.
    NO END IN SIGHT LIB $2.50'S CAC ONLY
    https://www.pcgs.com/setregistry/gold/liberty-head-2-1-gold-major-sets/liberty-head-2-1-gold-basic-set-circulation-strikes-1840-1907-cac/alltimeset/268163
  • Options
    roadrunnerroadrunner Posts: 28,303 ✭✭✭✭✭


    << <i>Sinclair must be smiling tonight.

    We're getting mighty close to $1,764. Its $1750 as I write. >>



    I think JS began smiling when that darn 10 yr $1650 prediction was finally hit. He took a lot of grief the first half of this year when it didn't hit that # by his precise
    target date of January 14th. 7 months later it doesn't matter. Now he looks like a genius especially after calling for a rare summer rally. Other than James Turk,
    I don't know anyone else who called that so far in advance. Most of the pundits (me included) were looking for another low in July/August.

    roadrunner
    Barbarous Relic No More, LSCC -GoldSeek--shadow stats--SafeHaven--321gold
  • Options
    Wolf359Wolf359 Posts: 7,653 ✭✭✭
    Sinclair talked about Jesse Livermore's 1923 Square of the Numbers formula. 1764 means confidence has been lost. That is the point of no return.

    Here is the Interview from 8-7-2011
    Multi-channel listings of coins and inventory management

    Free Trial
  • Options
    OnlyGoldIsMoneyOnlyGoldIsMoney Posts: 3,300 ✭✭✭✭✭


    << <i>Sinclair talked about Jesse Livermore's 1923 Square of the Numbers formula. 1764 means confidence has been lost. That is the point of no return.

    Here is the Interview from 8-7-2011 >>




    OK. $7 and change to lift off.
    NO END IN SIGHT LIB $2.50'S CAC ONLY
    https://www.pcgs.com/setregistry/gold/liberty-head-2-1-gold-major-sets/liberty-head-2-1-gold-basic-set-circulation-strikes-1840-1907-cac/alltimeset/268163
  • Options
    secondrepublicsecondrepublic Posts: 2,619 ✭✭✭
    All I can say is WOW. These are some real interesting times!
    "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)
  • Options
    Coins101Coins101 Posts: 2,602 ✭✭✭
    APMEX = $1763.90

    Slid a little but now $1766.66 @11:04
  • Options
    OverdateOverdate Posts: 6,939 ✭✭✭✭✭
    Now $1768.

    $1764 is 42 squared.

    The number 42 is cited in the Hitchhiker's Guide to the Galaxy as the answer to the ultimate question of the universe.

    Now you know why a gold price of $1764 is so important. image

    My Adolph A. Weinman signature :)

  • Options
    cohodkcohodk Posts: 18,621 ✭✭✭✭✭
    Sinclair calls $1764 gold major turning point


    Interesting is the term "turning point".

    I wonder if we will revisit this thread in 6 months.
    Excuses are tools of the ignorant

    Knowledge is the enemy of fear

  • Options
    renman95renman95 Posts: 7,037 ✭✭✭✭✭


    << <i>

    << <i>Sinclair must be smiling tonight.

    We're getting mighty close to $1,764. Its $1750 as I write. >>



    I think JS began smiling when that darn 10 yr $1650 prediction was finally hit. He took a lot of grief the first half of this year when it didn't hit that # by his precise
    target date of January 14th. 7 months later it doesn't matter. Now he looks like a genius especially after calling for a rare summer rally. Other than James Turk,
    I don't know anyone else who called that so far in advance. Most of the pundits (me included) were looking for another low in July/August.

    roadrunner >>



    I know I would be smiling if I made the prediction 10 years out, say August 2021, that gold will be $9,150 and it actually hit that in December of 2021.

    I don't even know if we will have the "dollar" in 2021.
  • Options
    OPAOPA Posts: 17,104 ✭✭✭✭✭
    Gold lost some ground since it's high of $1780, but did manage to close at $1745. Hope Sinclair did not mean a downward trend for his turning point preddiction.
    "Bongo drive 1984 Lincoln that looks like old coin dug from ground."
  • Options
    57loaded57loaded Posts: 4,967 ✭✭✭
    possibly he means a more parabolic chart line?

    we are out (up) of Armstrong's primary channel right now.

    i still see some big correction a commin' this fall, possibly tied to a belief that the sovereign debt crisis has a solution (what that is i haven't a clue).

    yes i am a MA groupie!
    image
  • Options
    OnlyGoldIsMoneyOnlyGoldIsMoney Posts: 3,300 ✭✭✭✭✭
    $1764 again. Lets hope it holds this time.
    NO END IN SIGHT LIB $2.50'S CAC ONLY
    https://www.pcgs.com/setregistry/gold/liberty-head-2-1-gold-major-sets/liberty-head-2-1-gold-basic-set-circulation-strikes-1840-1907-cac/alltimeset/268163
  • Options
    JustacommemanJustacommeman Posts: 22,847 ✭✭✭✭✭


    << <i>$1764 again. Lets hope it holds this time. >>



    It looked like a lot of technical buying came in right here. 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......
  • Options
    roadrunnerroadrunner Posts: 28,303 ✭✭✭✭✭


    << <i>

    << <i>$1764 again. Lets hope it holds this time. >>



    It looked like a lot of technical buying came in right here. MJ >>



    Yeah. $1760-$1763 has basically held gold at bay for the past 3 weeks. But today it offered zero resistance once $1763 was touched. Note that silver did not follow. Gold, plat, pall are leading while silver and copper lag.
    Barbarous Relic No More, LSCC -GoldSeek--shadow stats--SafeHaven--321gold
  • Options
    mhammermanmhammerman Posts: 3,769 ✭✭✭
    ...NSU
  • Options
    MilesWaitsMilesWaits Posts: 5,310 ✭✭✭✭✭
    When technicals alone aren't enough, there remains Syria, Iran, Credit Swaps, Dollar Swaps, Spousal Swaps, Runaway Budgets, The Runaways, Europe...............

    What have I missed that is a driver for Gold??

    Miles
    Now riding the swell in PM's and surf.
  • Options
    derrybderryb Posts: 36,212 ✭✭✭✭✭


    << <i>When technicals alone aren't enough, there remains Syria, Iran, Credit Swaps, Dollar Swaps, Spousal Swaps, Runaway Budgets, The Runaways, Europe...............

    What have I missed that is a driver for Gold??

    Miles >>


    the FOMC helps drive it down. And don't forget M2, it has always been a good long term indicator:

    image

    Give Me Liberty or Give Me Debt

  • Options
    leothelyonleothelyon Posts: 8,365 ✭✭✭✭✭
    Gold jumps $40 and silver jumps 40 cents. Silver needs to jump $4 to keep pace with last year or people are going to have other ideas.

    The more qualities observed in a coin, the more desirable that coin becomes!

    My Jefferson Nickel Collection

  • Options
    JustacommemanJustacommeman Posts: 22,847 ✭✭✭✭✭


    << <i>Silver needs to jump $4 to keep pace with last year or people are going to have other ideas. >>



    You lost me. 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......
  • Options
    NumbersUsacomNumbersUsacom Posts: 1,457 ✭


    << <i>Gold jumps $40 and silver jumps 40 cents. Silver needs to jump $4 to keep pace with last year or people are going to have other ideas. >>



    Like what?

    They take turns leading the pack, Gold runs and Silver lags and then Silver runs and Gold lags. Back and forth, when they cross the finish line then we can find out which
    had the greatest percentage gains. I put my $'s on Silver.
    NumbersUsa, FairUs, Alipac, CapsWeb, and TeamAmericaPac
  • Options
    OnlyGoldIsMoneyOnlyGoldIsMoney Posts: 3,300 ✭✭✭✭✭


    << <i>

    << <i>Gold jumps $40 and silver jumps 40 cents. Silver needs to jump $4 to keep pace with last year or people are going to have other ideas. >>



    Like what?

    They take turns leading the pack, Gold runs and Silver lags and then Silver runs and Gold lags. Back and forth, when they cross the finish line then we can find out which
    had the greatest percentage gains. I put my $'s on Silver. >>




    Well said. I have placed bets on both horses - so its a win-win. Silver approaching $35 makes it a great day so far.
    NO END IN SIGHT LIB $2.50'S CAC ONLY
    https://www.pcgs.com/setregistry/gold/liberty-head-2-1-gold-major-sets/liberty-head-2-1-gold-basic-set-circulation-strikes-1840-1907-cac/alltimeset/268163
  • Options
    leothelyonleothelyon Posts: 8,365 ✭✭✭✭✭
    It does appear silver hit $35 this morning. Suddenly, $50 silver doesn't sound too far off.

    The more qualities observed in a coin, the more desirable that coin becomes!

    My Jefferson Nickel Collection

  • Options
    rickoricko Posts: 98,724 ✭✭✭✭✭
    Interesting trend of late, I have no idea if it will continue, or, more importantly, will it hold. Well, I am holding image and will continue to do so, since I am not qualified to foretell the future.. Cheers, RickO
  • Options
    BaleyBaley Posts: 22,658 ✭✭✭✭✭
    approaching high ends of trading ranges, looking for resistance low $1800's gold, around $38 silver.

    then back on down below $1700 and $33 several weeks later.

    Liberty: Parent of Science & Industry

Sign In or Register to comment.