Friday, October 22, 2010

Jim Sinclair Commentary

Note: Graph on the left is the US dollar after hour Flash Crash!

Bloomberg had an interview this afternoon with Professor Black who is the author of The Best Way to Rob a Bank is to Own One.
He could not be silenced. Professor Black said, amongst other javelins in the heart of MOPE, the following:
1. Securitized mortgage instruments are all fraudulent.
2. The Fed is holding a huge amount of these as collateral.
3. They are valueless.
4. The manufacturers of these are, under commercial and criminal statute and law, criminals.
The interviewer almost swallowed her tongue.
Gold will trade at and above $1650. QE to infinity is not a choice, it is all that is left.


Jim Sinclair’s Commentary
This is what I spoke to you yesterday about. This is QE on the down low.
Keep in mind this is Federal Reserve Management of Perspective Economics which they called "communication."
The Fed has no choice but QE to infinity. Gold will go to and beyond $1650.
More Here..

Silver Shipments From China, Biggest Exporter, May Plunge by 40% This Year 

8 comments:

  1. Rick Rule - Physical Supply Shortages in Silver

    http://kingworldnews.com/kingworldnews/KWN_DailyWeb/Entries/2010/10/22_Rick_Rule_-_Physical_Supply_Shortages_in_Silver.html

    Also check out the APMEX website (apmex.com) - there are hardly ANY silver bars or rounds available! I'm on this site EVERYDAY and I've never seen such a depletion in available silver products!

    ReplyDelete
  2. From http://www.stevequayle.com/index1.html:

    "In speaking with one of the largest wholesalers of Gold and Silver yesterday, that I have been doing business with for over 28 years, I was informed that silver rounds and silver bars are 4-8 weeks out, meaning the Primary Market Sources that Precious Metals Dealers buy from for resale to the public are running on out of stock--SILVER EAGLES ARE STILL SOMEWHAT AVAILABLE AT INCREASING PREMIUMS--Gold is still available but silver is problematic."

    ReplyDelete
  3. there's been a wait since 2008 when I got mine.
    will it get longer wait..probably. if china reduces exports..and further backlogging of mining claims and restrictions on mining here in the states. a company or individual waits for ..and sometimes never will get approval by stupid gov. here have a canadian miner wanting to open a claim in NW state and can't because a bunch of earth worshippers..who don't even go outdoors but veiw it from their monitors back east..are afraid some owl or something will utterly perish, the same new yorker UN trash who imposed grizz back into the bitteroots i suspect. Many ways to mine not all involve destructive chems. And if you think gov. is doing a number on us economically consider the laws they pass on mining..good jobs, but who needs good jobs i guess

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  4. EA - Where did you find the info above on the USD flash crash? I can't anything about it. Did this really happen? Thanks!

    ReplyDelete
  5. JIM SINCLAIRE MAY BE RIGHT ABOUT ONE THING GOVERMENT CANT GET A HINT. I NOW WE NEED UNIVERSAL HOUSING, FINASES, A TREASURY WHO NOWS HOW TO GET JOB DONE. BERNKE CANT PRINT ENOUGH BECAUSE TO MANY FOLKS AGGERVATE THE OFFICIALS DOING THERE BEST. BLESS THE POLITICICANS WHEN YOU SEE THEM THEY ARE HEROS EVEN IF WE FAIL TO SHOW PRECIATION TO THEM THANK THEM. FOLKS GET READY BAD STUFF IS COMING. I GET COMPLANED OF TYPING SO I MAKE IT WERE THERE NO ERROES.

    - SAM

    ReplyDelete
  6. the bankers should select Sam as the next Fed chairman.
    Or the Prez should give us real hope and change by making Sam US treasurer.

    Bernanke is Hero but piss weak slow !
    Some object to him printing more money,So
    He is forced to work slowly with his hands tied behind his back as Sam points out.
    But now is the time for a real strongman at the press!
    Someone who will get the job done for America.
    Sam understands.
    He will get the money printing recovery job done faster and we will all be out of debt and rich again in no time at all.

    Simply print more money for universal free no cost financing for everybody, so we get universl cheap housing now!

    That Bernanke is a real slacker as he only resticts his money printing trillion dollar handouts to the bankers and the rich.

    How democratic is that I ask?
    Sam for US Treasurer!!
    In fact Sam for Prez with Palin for Vice Prez!

    ReplyDelete
  7. Keep up the revolt Sam !

    Seize the control of Americas means of production and weath distribution!!!

    The source of Profits credit and economic security for all!!!

    The Means of production in de-industrialised America?

    The Dollar printing press.

    ReplyDelete
  8. Sam, in seriousness, until you learn how to spell, please refrain from posting on this blog. Both grammatically and substantively, your stuff is REALLY embarrassing.

    Furthermore, you're just mocking a very bad situation that is taking place right now in our country. You're not funny and many readers of this blog don't appreciate it.

    ReplyDelete

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