Bernanke is in no position to announce another round of QE

Politically Bernanke is in no position to announce another round of QE. If he were to try this route once again, a route which has obviously been an abject failure considering that between QE1 and QE2 over $2.5 TRILLION was spent with nothing to show for it except a collapsing Dollar and rampant inflation in energy and food prices, he would unleash a firestorm of protest here in the US and certainly abroad by our largest creditors, China in particular.

- Trade Dan

Mining Share Ratio To Gold Back At Pre-QE1 Levels

Gold’s move to a new high today above $1764 has not happened for technical reasons. There are fundamental problems in the entire Western World Finance that lack solution.

Gold is heading exponentially beyond any expectations of the short of gold share hedge funds.

Weakness in gold shares is manic at this point, and the shorts will not see the top in gold they expected now or for years to come.

Respectfully,

Jim Sinclair of JSMineSet.com

The World's Debt has Grown Unsustainable!

- Picture via JSMineSet.com

Jim Sinclair interviewed by James Turk

James Turk, Director of The GoldMoney Foundation, talks to Jim Sinclair, host of http://www.jsmineset.com/, about his successful gold price predictions, US debt problems, how to ride the trend and the second phase of the gold bull. It's a gear change from arithmetic to exponential growth as public perceptions about the safety of the US dollar changes. The debt ceiling debate is a wake up call for people all over the world. The video was recorded on August 5 2011 at the GATA conference in London.

Jim Sinclair on CNN Your Money

Jim Sinclair on CNN Your Money. Note their reaction to his prediction of gold $1650. Funny times.