Tuesday, December 2, 2008
JIM SINCLAIR'S IMPORTANT POINTS TO KNOW
FROM JSMINESET.COM on Dec 1, 2008
The dollar cannot rise in the face of the Fed wishing to construct a less deflationary perception in markets and business. It is simply not possible to sustain.
The dollar rising in the face of the creation of so many dollars simply is not possible to sustain.
The dollar rising in the face of imploding financial and general business entities, being immensely bigger than the Euroland problems, is impossible to sustain.
The dollar rising in the face of Quantitative Easing cannot be sustained.
As you clearly recognize, gold is a currency, has always been a currency and will continue to be a currency regardless of today’s effort to the contrary.
Therein lies the future of gold which will trade on or before January 14th, 2011 at $1650.
When Comex deliveries represent 21,000 100 oz. bars taken delivery and removed from the COMEX warehouse, the price of gold will no longer be a game for the well known names out there.
The price of gold will reflect the true state of the physical market because the Comex in a practical sense will be a cash market.
The Comex as an observation also becomes a cash market at 100% margin requirement.
The effort here is in no way a covert attempt to break the playing board known as the Comex. The actions suggested and practiced here will with certainty level the playing field which is now totally leaning towards the professionals who are picking your pockets regularly and without fail on every single move.
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