Wednesday, October 14, 2009

Waterboard JP Morgan and The Mortgage Bankers Assn


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

Dear CIGAs,

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?


Tuesday, October 13, 2009

Jim Sinclair Warning

Everything Is Happening Now!
Posted: Oct 13 2009 By: Jim Sinclair Post Edited: October 13, 2009 at 3:31 pm

Filed under: General Editorial

My Dear Friends,

Everything we have discussed here for many years is NOW taking place.

Everything we have suggested is coming is NOW on your doorstep.

Any ideas of trading have been smashed not only by common sense, but also by the flash systems against which you do not stand a chance.

All precious metals companies with materials in, on top or mining will succeed in market terms.

All shorts in both precious metals shares and gold itself will end up covering in a less than comfortable manner.

Gold will trade at $1250 and $1650 before seeking Alf’s and Armstrong’s prices.

The US dollar is nearing a severe crisis period that will occur this winter.

Middle American business is facing severe difficulty with a collapse of CIT or even a failure to refinance to a comfortable level a potential crisis-producing event. CIT is to Middle America what Lehman was to the financial industry.

There is very little to add today with one exception: Have you protected yourself?

Respectfully yours,

Sunday, October 11, 2009

Mad as hell, consumers dump credit cards