Thursday, March 22, 2012

Jim Sinclair to Leave the United States?

The following was posted by Jim Sinclair just today. Does this mean he is leaving the United States? Is it time to get out of Dodge?

According to Dean Harry Schultz, the way to live your life involves the following:

- Money in one country
- Citizenship in a different country
- Body in another country where neither your citizenship nor money resides.

I have resisted this sage advice from Harry for many years knowing that the day might come when his genius proves true.

That day has come.

Seriously consider this advice.


- Source

Saturday, March 17, 2012

Egon von Greyerz - Gold Will have an Explosive Move to the Upside

"First of all, we know the debt levels are too high today and gold is starting to reflect that. But because less than 1% of world financial assets are in gold, we have yet to really see the gold market react to all of this massive money printing. Once the gold market starts reacting to all of this, that’s when gold is going to go exponential.

It doesn’t matter whether investors are buying gold at $1,600 or $1,800, it’s irrelevant in the long-run. What’s important is they are invested in physical gold in order to preserve their wealth.

I believe that QE will and must start very soon. This will either happen in April or the gold market will anticipate its start at that time. The Treasury bond market, which is going down fast, is already smelling inflation and QE. So I believe we are nearing the time period where gold will have an explosive move to the upside.”

Egon von Greyerz via a recent King World News interview, Read the full interview here:

Tuesday, March 13, 2012

John Hathaway - 9 Key Points for the Gold & Silver Markets

1.The recent sharp decline appears to have been another test of the December low of $1532/oz intraday. Gold fell to $1675 on March 9th from $1788 including a drop of $72 on February 29th. So far, the downside was contained near the 200 day moving average. From a purely technical standpoint, the uptrend in gold seems intact.

2. Still, we may see another test to shake out weak hands in the next month or so.

3. Gold shares remain cheap relative to the gold price, with robust earnings reports in the Q4 2011, and strong earnings are likely to repeat in the 1st quarter of 2012.

4. Bernanke’s comment on February 29th, that future QE was unlikely, was the spark for the recent sharp decline in gold and other precious metals. Additional pressure has come from the flow of favorable reports on the US economy.

5. The fact that gold has survived the negative news flow from the monetary and economic front is encouraging. If gold can withstand the apparently changing narrative that had underpinned a bullish stance on gold, it will be a sign of enormous strength.

6. What is it that conventional wisdom has not already discounted that could propel gold much higher? We can only guess at this stage, but it is far more preferable for the precious metals complex to exhibit strength for no apparent reason, as opposed to when everybody thinks the reasons are obvious (which had been the case until this most recent pullback and the apparent change in the news flow.)

7. We believe that the precious metals story is far from over, but it may be changing from the point of view of the simple minded commentary one is exposed to in most of the financial media.

8. The future rationale for investing in gold will most likely be found in the difficulty that central banks encounter in trying to unwind unprecedented monetary largesse. This could take the form of a disastrous market for government securities or an extended period of inflation which further undermines confidence in paper currency. It could come from some sort of economic difficulty which raises the prospect for further quantitative easing in the Western democracies.

9. In any event, we believe it is far too soon to sound the “all clear” signal with respect to abandoning the protection against monetary debasement that gold provides.

- John Hathaway via a recent King World News interview, read the full interview here:

Sunday, March 11, 2012

Sinclair - Greek Tragedy Part of $37 Trillion, Not $3.5 Billion

"Very simply, the number is not $3.5 billion. It’s some part of $37 trillion. The emergency swaps from the Fed could total in the trillions of dollars. This is based on my strong belief that the figure of $3.5 billion is not accurate.

The implications of this, if it comes to pass, are a second rescue of approximately eight international banks. Central planners would attempt to totally camouflage this and it would only be readable by tracking swaps from the Fed because the Fed is the lender of last resort.

This type of event would be the ‘meat’ by which Alf Fields would be proven right on his $4,500 projection for gold..."

- Read the full interview at King World News here:

Wednesday, March 7, 2012

Rick Rule - Gold & Silver Plunge Has Quality Assets on Sale

“If you want to be long gold and silver, if you like real currencies as opposed to fiat currencies, you have to like days when you can buy it cheaply. I’ve been around this type of action for 35 years and I suspect, before I shed my mortal coil, I will purchase much more physical gold and silver bullion.”

- Rick Rule via a recent King World News interview: