We The Sheeplez- The Coming Economic Collapse.."A Nation Of Sheep Ruled By Wolves" Thomas Jefferson

Monday, August 29, 2011

There Is No Bubble in Gold

August 29, 2011, at 8:26 pm
by Jim Sinclair in the category General Editorial |

Print This Post |

Email This Post

Dear Extended Family,

As the volatility of gold rises, a two day $200 reaction should not be considered anything out of the ordinary.

A hard sideways chop is the present scenario.

There is no top in gold. There is no bubble in gold.

Truth be known, what will vault the price of gold is good for equities as well.

Regards,
Jim

Compare And Contrast To The Great Depression: In Three Parts

Every year, at about this time (roughly just before the Fed launches on yet another monetary easing crusade) we get requests to decompose current events into their constituent pieces and present these in parallel with the period in time between 1929 and 1939 better known as the Great Depression. Obviously, doing so in its entirety would require at least a fat paperback, and considering that the average Zero Hedge reader has an attention span that is very stretched when presented with a lengthy bullet point, we fear such efforts may be lost on most. Furthermore, why reconstruct the wheel when it was precisely a year ago (and remember: 2011 is a carbon copy of 2010, so it is effectively yesterday) that Guggenheim's Scott Minerd did just that and in a far more politically and grammatically correct way than we ever could, not to mention with that many more pretty charts. So without further ado, here is Scott Minerd's compare and contrast of the Second Great Depression (the one we are now debating whether or not it has become a recession or not once again) to the original source.

The French Revolution (here we go again)

Riot police fire tear gas on protesters in Athens, Greece

Commentary Lays Bare the Problems of Qualitative Easing...and The Banks

Dark Clouds Over European Banks

Euro bail-out in doubt as 'hysteria' sweeps Germany.

German minister warns of seven-year global recession

Bernanke Is Out of Options to Save Economy

More people having to delay retirement: The number of Britons forced to delay retirement into their late 60s and beyond has doubled over the past year as the rising cost of living hits home, a major study has revealed.

The Winner Economy and the Loser Economy

Climbing the Wall of Ruin--America, The Bell Tolls for You