JIM SINCLAIR COMMENTS ON GOLD'S TEMPORARY DROP IN PRICE

The Temporary Weakness In Gold


Posted: Dec 04 2009 By: Jim Sinclair Post Edited: December 4, 2009 at 12:34 pm

JSMINESET.COM

My Dear Friends,

The dollar has rallied today and accordingly gold is soft.

1. The temporary high of this rally was $1224.00 to $1224.10 in the cash market 3 times.

2. Remember the day that unemployment figures went from 9.5% to 9.4%? It was heralded as the end of the continuous increase in that figure.

3. Gold at these price levels will axiomatically become extremely violent.

4. The magnet underlying gold is at $1156 and below that at $1089.

5. Regarding articles that claim gold has topped, the Chinese will be buyers on the decline if they can make that purchase and save face.

6. This is a boon to the Chairman of the Federal Reserve as his supporters can claim that changing leadership when things are turning is a greater risk than maintaining the present leadership at the Fed.

7. If Bernanke is confirmed, which is reasonable to assume, you can be sure that the pressures for policy will be generated via the Treasury.

8. Clearly this economy is bouncing along a bottom and has decelerated its decline, but is doing so poorly in light of the over the top liquidity placed into the world economy. This is how all figures, market related, react in a trend. That is all.

9. Respectfully, this is gold so if you cannot stand the heat in the kitchen then you had better leave. Buying dollars here has no real fundamental basis other than a few days at best.

The MOPE ( Management of Perspective Economics) accelerated two trading days ago is now rising to spiritual levels. The exception to this is at the US Labor Department. They suffered a major loss of standing when they went wild over the drop from 9.5% to 9.4% as the end of increasing unemployment.

I am interested in following the analysis of this number by paying attention to www.shadowstats.com.

Gold weakness and dollar firmness is again temporary.

Act with your head, not with your gut center of emotions.

Sincerely,

Jim

SENATOR JIM BUNNING (R) KENTUCKY JUST BLOWS BERNANKE'S DOORS OFF IN THE PRE-CONFIRMATION HEARING

http://vodpod.com/watch/2626873-video-bunning-berates-bernanke

13 MINUTE VIDEO

DON'T MISS A MINUTE OF THIS ONE!

NEW AND BETTER LINK: http://www.youtube.com/watch?v=rka9VbPPMys

BOB CHAPMAN'S WEBSITE WITH LOTS MORE TO READ

http://theinternationalforecaster.com/

CHAPMAN TELLS YOU LOTS MORE THAN YOU WANT TO READ.

AND YOU SHOULD READ EVERY SINGLE BIT OF IT!

AND GOOGLE EVERYTHING YOU DON'T UNDERSTAND.

YOU WILL LEARN LOTS THAT MAY SAVE YOUR ASS DOWN THE ROAD

A LONG ARTICLE FROM BOB CHAPMAN THAT SUMMARIZES IT ALL

http://www.marketoracle.co.uk/Article15355.html

Recession Leading More Seniors To Food Pantries

Recession Leading More Seniors To Food Pantries
Nov 28, 2009

http://cbs2.com/health/recession.seniors.pantries.2.1338475.html

EVENTUALLY, EVEN THESE FOOD PANTRIES WILL NOT BE AVAILABLE AND THESE SENIORS AND EVERYONE ELSE WILL BE LEFT TO STARVE TO DEATH WHILE THE
'ELITES' DINE ON CAVIAR AND CHAMPAGNE UNTIL THEY ARE TAKEN DOWN BY
THE REMAINING STARVING MOB.

SINCLAIR'S NEW 'ANGELS' (PRICE MAGNETS THAT WILL PULL GOLD TO THEM)

COPY THESE PRICES DOWN FOR TRADING PURPOSES

US police 'shot dead in ambush' in Washington state

http://news.bbc.co.uk/2/hi/americas/8385421.stm

Cops that abuse their authority have been put on notice that
not everyone is afraid of them.

Expect to be treated more harshly now by all authorities as they now fear for their lives
in their daily interactions with the public who they have been trained to think of as 'the mob'.

Just because we give them a gun, badge and 'some' authority
doesn't mean they can abuse the citizens they take an oath to protect and serve.

Being a walking target in a uniform doesn't sound like a very good job to me,
especially when citizens should be required to protect themselves rather
than always being chastized for having weapons or being arrested for using
them when others attempt to violently invade their space to rob, molest, or
otherwise harm them.

If everyone was potentially armed and properly trained to use their weapons, the more
aggressive amongst us might have second thoughts about aggressing upon any of us.

Calling the police, usually causes you more problems, not less, for, as you will eventually
find out, the police can't do anything UNTIL the damage is done, except for protecting
themselves and other authorities, of course.

That has been my recent experience with my interactions with the police on many levels.
And I'm just a 'fairly normal' 65 year old white guy that doesn't go out of his way to
make trouble for anyone (Actually, I'm much smarter and capable than 'normal', but I don't
abuse it!)

But I'm beginning to feel like a target for revenue for the authorities when I drive anywhere or simply stay at home waiting for the next 'expense' to show up due to guv'mint incompetence or sheer criminality.

Don't you feel it?

The Critical Unraveling of U.S. Society

CREDIT TO CLYMER FOR THE LINK:

The Critical Unraveling of U.S. Society

David DeGraw

http://www.silverbearcafe.com/private/11.09/unraveling.html

Good summary of the condition of things so far.