JIM SINCLAIR'S MOST IMPORTANT COMMENT OF TODAY

"The dollar bull's rational (an oxymoron if there ever was one) is as follows: 1. The thesis held by the dollar bulls is that the EU's economy will decline. 2. At the same time, the economy of the USA will improve, the OTC derivative markdowns are behind us and the credit lock-up will ease. 3. Because of this, the EU cannot raise interest rates but rather has to cut rates. 4. Because of this, the USA - with its improving economy and credit markets - will be forced to increase interest rates. How about a race between the EU and USA to see whose economy craps out the most? My money is on the major manufacturer of OTC Derivatives being the first and fastest into the tank. That is to say the USA wins the race to the bottom of the ash can and just hangs out there. The dollar falls after this major operation and trades to .72, thence to .62 and thence to .52. Gold trades to $1,200 and $1,650."