By Jim Sinclair
As the premium on physical gold remains above the cash spot futures contract including shipping and insurance to destination, the demise of paper gold is certain. The emancipation of physical gold from fraudulent paper gold is in process right now.
Emancipating physical gold is freeing gold. Free gold is the final product of this transition. Forget argumentation as the phoneme in process has its foundation in granite. This process [...]
by David Schectman, MilesFranklin.com:
I find Jim Sinclair’s quote to be extremely interesting. It will be easy to see if he is correct. If the price continues to rapidly rise, he gains credibility here.
Take into consideration that the recent and violent drop in the gold price, especially if followed by an equally violent recovery, was primarily for the transfer of physical gold from financial and other entities to the families that are [...]
JIM SINCLAIR: GET OUT OF THE SYSTEM NOW! SIGNIFICANT DEPOSITS & RETIREMENT ACCOUNTS ARE IN BANKSTERS’ CROSS-HAIRS!
Legendary gold trader Jim Sinclair has turned his sights from warning investors to protect themselves with gold to urgently warning them to exit the financial system immediately, and take possession of physical gold held in your own possession. Sinclair, who Friday warned investors that the US will be Cyprus’d and gold will reach $50,000/oz sent an [...]
I believe that we as Americans are about to see a major, major collapse in our national monetary system, and our normal way of life.
Our government has been borrowing so much money (very often using short-term loans), that very soon, we will no longer be able to afford even the interest on these loans.
Today, the federal government has to borrow 46 cents of every dollar they spend…spending that stands at [...]
Goldman: It’s time to close out those gold shorts
NEW YORK–Goldman Sachs Group Inc. GS +0.58% on Tuesday closed its recommendation to “short” gold, telling clients to exit bets on lower gold prices.
The bank had told its clients to bet on lower gold prices April 10, slashing its short- and long-term gold forecasts as prices dangled above bear-market territory at $1,588.30 an ounce.
At the time, analysts Damien Courvalin and Jeffrey Currie [...]
“… Cyprus is in fact the blueprint in the United States for coming financial failures…. The truth is that when we take out these futures markets on a failure, gold is going to $50,000. Not $3,500. $50,000. We are in the midst of a failure right here, right now. That’s what this is all about. This takedown has been the ultimate can-kick. This has been to stop the revelation [...]
Today Jim Sinclair spoke with King World News about the ongoing chaos and told KWN the world is witnessing something that has never been seen in history. Sinclair also warned that “the US is going to get Cyprused.” Below is what Sinclair, who was once called on by former Fed Chairman Paul Volcker to assist during a Wall Street crisis, had to say in this remarkable and exclusive interview.
Eric King: [...]
by David Schectman, MilesFranklin.com:
I want you to think about this comment from Jim Sinclair:
As time passes everything is about the dollar and not about any paper game.
The games played to separate us from our money by Goldman and Merrill are but a temporary evil. Hot wars have been fought recently over this chart in which people have died. Libya is a prime example.
The major factor in the dollar evaluation is (its) [...]
On the heels of another massive QE announcement being pumped into the financial system, today Jim Sinclair told King World News the entire Western world is on fire. Sinclair also cautioned that there will be hell to pay for the reckless behavior the central banks have now laid out before us. Below is what Sinclair, who was once called on by former Fed Chairman Paul Volcker to assist during a [...]
More Than Dozen States Push For Gold as Legal Tender, Bernanke Backlash
Distrust of the Federal Reserve and concern that U.S. dollars may become worthless are fueling a push in more than a dozen states to recognize gold and silver coins as legal tender.
Lawmakers in Arizona are poised to follow Utah, which authorized bullion for currency in 2011. Similar bills are advancing in Kansas, South Carolina and other states.
The measures backed by the limited-government Tea Partymovement are mostly symbolic — [...]
There’s a new interview with George Soros out in the popular Hong Kong newspaper the South China Morning Post.
A lot of the interview is about the Chinese development model, Chinese stocks, real estate, etc.
There’s also an interesting section about gold.
Q: What is your view on gold?
A: That’s a complicated question. It has disappointed the public, because it is meant to be the ultimate safe haven. But when the euro was close to collapsing [...]
Victory – “A Few Good Men” Push The Market To New All Time Highs
Appropriately enough, the S&P 500 closed at its all-time high closing price today on pretty much the lowest volume day of the year. Q1 ends with the Dow up 11.25% (on ever-decreasing volume) and the Long Bond down 2% (but don’t expect a rotation as it was down 3.75% in Q1 2012). Gold and Silver down 3.6 [...]
Sinclair, Farage, Roberts – Cyprus May Dwarf 2008 Collapse
Today legendary trader Jim Sinclair told King World News why Lagarde’s IMF Cyprus disaster may cause far more damage than the frightening turmoil the world witnessed during the collapse of 2008. Sinclair, who was once called on by former Fed Chairman Paul Volcker to assist during a Wall Street crisis, was also joined in this interview by Britain’s very popular MEP Nigel Farage, and [...]
A quarter of Cyprus bank deposits are Russian, so taxing them is unpopular in Moscow.
Russian officials are up in arms over a possible levy on Cyprus bank accounts, which Russian president Vladimir Putin denounced as “unfair, unprofessional and dangerous.” There’s good reason for their concern: Nearly a third of all the money in Cyprus’ outsized banking sector is Russian.
Sinclair – Cyprus Disaster Is Much Bigger Than Being Reported
Today legendary trader [...]
Turk – Money Is No Longer Safe In Banks After Cyprus Theft
Today James Turk told King World News there are bank runs happening in Europe once again. Turk also believes this is a wake-up call to all bank depositors around the world. He also stated that physical gold and silver buyers have now become more aggressive and are in a position to overwhelm the manipulators and central banks because of [...]
Kingworldnews has an interview with Jim Sinclair that may add another twist to what happened in Cyprus (edit: with potential impact on gold markets):
“The wire reports on the Cyprus situation are working overtime to try to make the case that 80% of the deposits belong to the people of Cyprus, and only 20% of the deposits belong to the Russians. That’s absolutely false. After 1985, when the ‘Robber Barrons’ of [...]
Sinclair – The Later, Greater Depression
his article says, “The US encounters its most sluggish growth levels since the Great Depression.” Huffington as a source is most credible.
Has it occurred to anyone that we might be in a later, greater depression that has been hidden by liquidity and MSM MOPE, but is in fact unfolding?
Remember what I told you on more than one occasion, “If you could have lied in 1930 [...]
JIM SINCLAIR: COLLAPSE IN WALMART SALES REVEALS US RECOVERY IS DEAD
Jim Sinclair sent an email alert to subscribers Saturday, and stated that the recent decline in sales at Walmart exposes the fact that contrary to MSM MOPE, the US economy has flat-lined and expired.
”Great Rotation”, Over
…as Reuters notes, it was all into international funds as domestic funds saw outflows and domestic bond funds once again saw inflows. As Goldman Sachs’ funds flow and [...]
from Fox Business, via Eduardo89rp:
Peter Schiff: The Real Fiscal Cliff Is Dollar Crisis! Buy Gold! Buy Silver! Own Real Things!!!
Obama Admin Looks To Control Americans’ $19.4 Trillion In Retirement Accounts
Remember that old phrase, “I’m from the government, and I’m here to help”?
Well, it looks like we are hearing it again, at least on the issue of keeping Americans’ retirement funds safe.
The U.S. Consumer Financial Protection Bureau is weighing whether it should take on a [...]
from Silver Doctors:
Legendary gold trader Jim Sinclair sent subscribers a shocking and MUST READ email alert last night regarding the possibility that the dollar as reserve currency will enter the initial stages of hyperinflation by mid-year, and the effects the debasement of the dollar will have on gold.
Sinclair states that by midyear of 2013 the US Federal Reserve will have to make a decision in order to keep the US bond market which is [...]
from Arabian Money:
Hugely successful veteran gold trader Jim Sinclair says that the Bundesbank’s plans to repatriate German gold from New York reminds him of a similar move by the French leader General De Gaulle in the 1970s that caused a major upset in financial markets at the time and was very positive for the gold price.
‘This sends a message about storing gold near you and taking delivery no matter who is [...]
Legendary gold trader Jim Sinclair has sent an email alert to subscribers today stating that the Bundesbank’s announcement that they will repatriate 300 tons of gold from the NY Fed and 374 tons from the Bank of Paris is in direct response to outgoing Treasury Secretary Timothy Geithner’s take-down of gold at $1800 in October via the ESF.
Sinclair states that a Central Bank would not insult another major central bank unless it [...]
Bundesbank to pull gold from New York and Paris in watershed moment
Germany’s Bundesbank is to repatriate gold reserves held abroad to tighten control and combat currency crises in the future, pulling a chunk of its holdings from New York and all its bullion from Paris.
The move marks an extraodinary breakdown in trust between leading central banks and has set off ferment among gold enthusiasts, with some comparing it with France’s [...]
JIM SINCLAIR: THE BEAR CASE IN GOLD FROM THE ESTABLISHMENT
Legendary gold expert Jim Sinclair sent an email alert to subscribers late Monday regarding the MSM’s MOPE that the economy is in a recovery, and that real interest rates are set to rise, resulting in a bear market in gold.
Sinclair states an emphatic NO to both presumptions that the economy is recovering or that real interest rates are set to rise. Sinclair urges readers [...]
A prominent economist tells Press TV that the United States so-called fiscal cliff is more like a ‘bottomless pit of debt’ that the country is diving into. He also added that the United States risks collapsing of dollar in 2013. US President Barack Obama has signed into law a bill backed by the Senate that averted the so-called fiscal cliff, the White House says. Obama signed the ‘American Taxpayer Relief [...]