Dear CIGAs,
My interview with Erik King of King World News is I believe the most important this year.
Please listen to the full audio version of my interview with King World News carefully to understand the message of $12,500 and what will make it occur.
If you listen to this you will be prepared.
Please do not get scared out of your positions and miss thousands of points.
Regards,
Jim
Click here to listen to the full audio interview…
Jim Sinclair – Gold to Exceed $12,500 to Balance US Debt
With continued volatility in gold and silver, today King World News interviewed the legendary Jim Sinclair to get his take on the markets. Sinclair surprised KWN by discussing a price target for gold that to some would seem unimaginable. When asked about trading for gold this summer Sinclair stated, “I think most of your analysis of secular trends will look and say no, no, summer time doldrums nothing happens. Well we could have something very significant happen and for a very clear reason. It’s becoming obvious even to our talking heads that this great recovery which we’ve questioned for a considerable period of time is in fact more in people’s minds than in reality. The economy is turning down again and turning down hard, there’s no question about that.”
Sinclair continues:
“Quantitive easing is the only tool that the Fed has had available to them. The Fed has pumped in trillions of dollars and the result of that pump-priming in the monetary sense has been only at best a modest recovery, and certainly making trillionaires out of some bankers, billionaires out of many of them.
We’ve come to a point now where if QE were to be stopped, you would see an implosion in the general equity markets…And yes gold would go down, the market would go down hard. The dollar would go up slightly to begin, but then fall back down again as the management of the economy was seen to have been ineffective and inefficient.
Gold would then start moving back up again and I think if QE was to cease, the recovery on gold from a modest reaction would be multiples upon multiples of that reaction and would lead the way to Harry’s $2,400, to Alf’s $3,000 to $6,000.
You can’t stop quantitive easing. If you stop quantitive easing the stock market will return to its recent low or lower. That alone by its impact on decision making will cause an economic implosion. We’re tied into this monetary stimulation, there is no way out of monetary stimulation. If there was any attempt to get out of monetary stimulation it would cause an economic accident which would require central banks to go right back where they were. That would be again, loss of control…
More…
My interview with Erik King of King World News is I believe the most important this year.
Please listen to the full audio version of my interview with King World News carefully to understand the message of $12,500 and what will make it occur.
If you listen to this you will be prepared.
Please do not get scared out of your positions and miss thousands of points.
Regards,
Jim
Click here to listen to the full audio interview…
Jim Sinclair – Gold to Exceed $12,500 to Balance US Debt
With continued volatility in gold and silver, today King World News interviewed the legendary Jim Sinclair to get his take on the markets. Sinclair surprised KWN by discussing a price target for gold that to some would seem unimaginable. When asked about trading for gold this summer Sinclair stated, “I think most of your analysis of secular trends will look and say no, no, summer time doldrums nothing happens. Well we could have something very significant happen and for a very clear reason. It’s becoming obvious even to our talking heads that this great recovery which we’ve questioned for a considerable period of time is in fact more in people’s minds than in reality. The economy is turning down again and turning down hard, there’s no question about that.”
Sinclair continues:
“Quantitive easing is the only tool that the Fed has had available to them. The Fed has pumped in trillions of dollars and the result of that pump-priming in the monetary sense has been only at best a modest recovery, and certainly making trillionaires out of some bankers, billionaires out of many of them.
We’ve come to a point now where if QE were to be stopped, you would see an implosion in the general equity markets…And yes gold would go down, the market would go down hard. The dollar would go up slightly to begin, but then fall back down again as the management of the economy was seen to have been ineffective and inefficient.
Gold would then start moving back up again and I think if QE was to cease, the recovery on gold from a modest reaction would be multiples upon multiples of that reaction and would lead the way to Harry’s $2,400, to Alf’s $3,000 to $6,000.
You can’t stop quantitive easing. If you stop quantitive easing the stock market will return to its recent low or lower. That alone by its impact on decision making will cause an economic implosion. We’re tied into this monetary stimulation, there is no way out of monetary stimulation. If there was any attempt to get out of monetary stimulation it would cause an economic accident which would require central banks to go right back where they were. That would be again, loss of control…
More…
Dear Friends,
Rumours of a supertax on minerals production in Tanzania are totally without merit and based upon a recommendation by a Uganda-based non-governmental organization that is not connected to the Tanzanian government in any way. It is the company’s understanding that no such supertax has been proposed in the latest budget tabled by the Tanzanian government. Tanzania’s mining industry has been the main engine of growth in the nation’s economy and it’s inconceivable that the government would do anything to jeopardize the economic viability of this important industry.
African Barrick Gold, a major gold producer in Tanzania, confirms that it is not aware of any supertax nor has the Tanzanian government or any industry association consulted it about the possibility of such a tax which would be normal practice.
Barrick and other major producers in Tanzania are generally subject to Mineral Development Agreements (MDAs) which guarantee tax and fiscal stabilization for a long-term mining project. AngloGold-Ashanti, another major gold producer in Tanzania, has also stated that it’s unaware of any such plan nor would it be impacted given the company’s previously negotiated tax agreements with the government.
Respectfully,
James E. Sinclair
US Is Nearing Even Worse Financial Crisis: Jim Rogers
Silver and Gold Exposure Advised
By: The Gold Report and Jason Mann
3 Ways to Shelter Your Cash from Inflation
By: Terry Coxon, The Casey Report
Will Germany and France stave off a Greek default?
Greece, the Global Perspective.
Taxpayers Dollars Still Bailing Out Banks
Rumours of a supertax on minerals production in Tanzania are totally without merit and based upon a recommendation by a Uganda-based non-governmental organization that is not connected to the Tanzanian government in any way. It is the company’s understanding that no such supertax has been proposed in the latest budget tabled by the Tanzanian government. Tanzania’s mining industry has been the main engine of growth in the nation’s economy and it’s inconceivable that the government would do anything to jeopardize the economic viability of this important industry.
African Barrick Gold, a major gold producer in Tanzania, confirms that it is not aware of any supertax nor has the Tanzanian government or any industry association consulted it about the possibility of such a tax which would be normal practice.
Barrick and other major producers in Tanzania are generally subject to Mineral Development Agreements (MDAs) which guarantee tax and fiscal stabilization for a long-term mining project. AngloGold-Ashanti, another major gold producer in Tanzania, has also stated that it’s unaware of any such plan nor would it be impacted given the company’s previously negotiated tax agreements with the government.
Respectfully,
James E. Sinclair
US Is Nearing Even Worse Financial Crisis: Jim Rogers
Silver and Gold Exposure Advised
By: The Gold Report and Jason Mann
3 Ways to Shelter Your Cash from Inflation
By: Terry Coxon, The Casey Report
Will Germany and France stave off a Greek default?
Greece, the Global Perspective.
Taxpayers Dollars Still Bailing Out Banks
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