Friday, January 27, 2012
Wednesday, January 25, 2012
Gold Extending Gains On Realization Fed's Only Option Is CTRL+P
Update: $1700
"Presented with little comment, Gold is now at $1693, about to take out $1700 and the best performing asset class of the year: YTD: Gold +8.2%, S&P +4.9%, 30Y TSY price -1.44%. Furthermore, since this FOMC statement implies more easing imminent, it simply delays full blown LSAP so its "effectiveness", read max Russell 2000, peaks with Obama's reelection campaign."
"Presented with little comment, Gold is now at $1693, about to take out $1700 and the best performing asset class of the year: YTD: Gold +8.2%, S&P +4.9%, 30Y TSY price -1.44%. Furthermore, since this FOMC statement implies more easing imminent, it simply delays full blown LSAP so its "effectiveness", read max Russell 2000, peaks with Obama's reelection campaign."
- Read the full article at ZeroHedge, here:
Monday, January 23, 2012
Ben Davies - Funds Will Pile into Gold after Missing the Rally
"I would say that (with gold) coming in $1,570 at the start of the year, you would have to believe the market had more upside. But people aren't really invested and the market is rising on this monetary asset growth. It’s really inflation that’s driving this, underpinning the market.
The danger here is that people (who especially run funds) feel they are missing this rally and they start to pile in. I would say I’m looking for the $1,700 - $1,720 level before I’d even think about reducing.”
The danger here is that people (who especially run funds) feel they are missing this rally and they start to pile in. I would say I’m looking for the $1,700 - $1,720 level before I’d even think about reducing.”
- Read the full article at King World News, here:
Thursday, January 19, 2012
Wednesday, January 11, 2012
Thursday, January 5, 2012
Jim Sinclair - What a Difference a Week Makes in the Gold Community!
"Let me check my notes. Wasn’t it just a few weeks (days?) ago when everyone was talking down commodities including gold?
What a difference a week (day?) makes!"
What a difference a week (day?) makes!"
Friday, December 30, 2011
Embry - Physical Gold & Silver Tight Because of Eastern Buying
"I would be very surprised if gold weren’t up at least 60% from current levels. Silver will be more explosive. What they have done to silver is astounding. In the longer-run it just ensures even greater physical shortages and when that manifests itself, I think the silver price will easily double.
So I think it will be a big year next year. These (metals) are both as sold out as I can remember and the sentiment gets worse and worse, if that’s possible. These are all precursors to a major move and I think it could get started quite quickly...."
So I think it will be a big year next year. These (metals) are both as sold out as I can remember and the sentiment gets worse and worse, if that’s possible. These are all precursors to a major move and I think it could get started quite quickly...."
- Read the full article at King World News here:
Thursday, December 22, 2011
The Bearish Gold Predictions Forget One Important Market Reality
There is a certain extremely important market reality that must be kept in mind as you listen to all the bearish gold predictions.
What is good for the dollar is bad for gold.
This is wrong because it depend what dollar related factors are giving a positive dollar price action.
If the good for the dollar was strong US economic activity, sound balance sheets in the US financial industry and a US consumer ready and credit able to expand, the answer would be yes if these activities were for the long term
That strong dollar would not be good for gold.
However there is only one dollar positive out there. That is the largest currency market on the planet is the dollar vs. euro market in which the so called vigilantes (International Investment Banks) are shorting the euro to infinity. That downward pressure on the euro creates a mirror image of dollar strength but give that strength no greater legs than the euro problem posses.
What happens the third weeks post and euro settlement be that a changed euro or no euro.
There will be an end to the euro’s problems one way or another sometime sooner than later as that is the nature of failing euro hopes as today and fruitless euro financial programs as every proposal has been so far.
That process brings you closer to a crisis rather than further away. Even if there was a miracle that saved the euro at today’s price, the soap opera then ends.
Within three weeks from whatever date is the final act in the euro soap opera the US dollar will be the primary focus of the vigilantes via US dollar and long bonds.
There is enough knowledgeable money sources that know if any resolution is coming will begin to prepare for it. That preparation may be why at in this din of gold bearishness gold still may well be resolving the accordion chop.
So far on the unique studies done only by my dearest friend Kenny Adams and shared only with me, scream a clear refusal to confirm serious long term top indications.
If anyone will see the point of gold’s terminal overvaluation, it will be Kenny Adams and myself. That simply does not exist now nor is there full confirmation of the intermediate down with the depth so many are putting in their headlines.
Gold investors stand tall and stay committed. It is time for a glass of cold water and a long walk. Traders will be guided well now by the Angels.
Up to $1764 the Angel has and will continue to herald the market. After that and the gold price move goes in the 2000s things will be somewhat more difficult, if you can imagine more difficult.
Email or call me if you need me.
Respectfully,
Jim Sinclair
View here:
http://www.jsmineset.com/
What is good for the dollar is bad for gold.
This is wrong because it depend what dollar related factors are giving a positive dollar price action.
If the good for the dollar was strong US economic activity, sound balance sheets in the US financial industry and a US consumer ready and credit able to expand, the answer would be yes if these activities were for the long term
That strong dollar would not be good for gold.
However there is only one dollar positive out there. That is the largest currency market on the planet is the dollar vs. euro market in which the so called vigilantes (International Investment Banks) are shorting the euro to infinity. That downward pressure on the euro creates a mirror image of dollar strength but give that strength no greater legs than the euro problem posses.
What happens the third weeks post and euro settlement be that a changed euro or no euro.
There will be an end to the euro’s problems one way or another sometime sooner than later as that is the nature of failing euro hopes as today and fruitless euro financial programs as every proposal has been so far.
That process brings you closer to a crisis rather than further away. Even if there was a miracle that saved the euro at today’s price, the soap opera then ends.
Within three weeks from whatever date is the final act in the euro soap opera the US dollar will be the primary focus of the vigilantes via US dollar and long bonds.
There is enough knowledgeable money sources that know if any resolution is coming will begin to prepare for it. That preparation may be why at in this din of gold bearishness gold still may well be resolving the accordion chop.
So far on the unique studies done only by my dearest friend Kenny Adams and shared only with me, scream a clear refusal to confirm serious long term top indications.
If anyone will see the point of gold’s terminal overvaluation, it will be Kenny Adams and myself. That simply does not exist now nor is there full confirmation of the intermediate down with the depth so many are putting in their headlines.
Gold investors stand tall and stay committed. It is time for a glass of cold water and a long walk. Traders will be guided well now by the Angels.
Up to $1764 the Angel has and will continue to herald the market. After that and the gold price move goes in the 2000s things will be somewhat more difficult, if you can imagine more difficult.
Email or call me if you need me.
Respectfully,
Jim Sinclair
View here:
http://www.jsmineset.com/
Friday, December 9, 2011
Saturday, November 26, 2011
Tuesday, November 22, 2011
Tuesday, November 15, 2011
Gold - Next Stop $4500
"Once this correction has been completed, Intermediate Wave III of Major THREE will be underway. This should be the largest and strongest wave in the entire gold bull market. The target for this wave should be around $4,500 with only two 13% corrections on the way."
- Alf Field
Thursday, November 3, 2011
With few options, Fed turns to 'jawboning'
With little ammunition left in its armory, the Federal Reserve has entered the "jawboning" phase of its campaign to spur stronger economic growth.
Fed Chairman Ben Bernanke and his fellow policymakers emerged from a two-day meeting to declare they planned no major changes in their policy of using low interest rates to get the job and housing markets back on track. In a statement, the Fed pointed to a recent improvement in the outlook but warned that the recovery is still very fragile.
"Economic growth strengthened somewhat in the third quarter," the Fed said in its post-meeting statement. "There are significant downside risks to the economic outlook, including strains in global financial markets."
- Read the full story here:
Fed Chairman Ben Bernanke and his fellow policymakers emerged from a two-day meeting to declare they planned no major changes in their policy of using low interest rates to get the job and housing markets back on track. In a statement, the Fed pointed to a recent improvement in the outlook but warned that the recovery is still very fragile.
"Economic growth strengthened somewhat in the third quarter," the Fed said in its post-meeting statement. "There are significant downside risks to the economic outlook, including strains in global financial markets."
- Read the full story here:
Friday, October 21, 2011
Monday, October 17, 2011
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