What More is There to Say?
Posted: Oct 14 2009 By: Jim Sinclair Post Edited: October 14, 2009 at 6:32 pm
Filed under: General Editorial
We can keep you updated on developments and Trader Dan can keep you updated on technical matters as the drama in gold will never end.
The dollar is headed for much bigger trouble quite soon.
Gold is going to $1224, $1650 and then on to Alf’s numbers.
The US dollar will touch its past low, fight a bit, but then give it up to the carry trade and fundamental economics.
All we have warned you of is happening now.
The countdown of days needs to be understood as a countdown for just what is happening. That countdown is to the faltering of a major area of dollar support becoming invalid as the carry trade monster devours any currency it adopts.
Interest rates cannot be raised to favor the dollar without throwing the MOPE recovery directly into the circular file.
Confidence in the dollar is waning with every passing day. As Armstrong has told you, one day soon confidence will simply implode.
This is a product of a lifetime of mistakes of which no one person can be considered the author. It is the sum of wrong economics, rewarding activities that produce nothing but paper shuffling, and punishing activities that produce goods, human services and employment.
Within one week of the countdown the dollar will take out areas expected to be the bottom of this decline by many talking heads today. That is a dynamic event as was what Trader Dan spoke of here on JSMineset last evening.
What has occurred are the things that economic history is made of> Few outside of Trader Dan and the most attentive CIGAs were really shaken by the occurrence.
This is what the countdown is all about. Look out the window and see it happening. It is history in the making but no more than what happened yesterday at lower levels.
The end is NOT coming. It has already happened. Are you insulated from the results thereof?