Jim Sinclair, the man who called the top of the last gold bull market nearly to the day, and who predicted gold would achieve $1650 during this bull run over a decade ago (while the metal was trading under $300/oz) sent an email alert to subscribers today regarding the latest gold futures market raid by the bullion bank cartel.
Sinclair states that gold’s latest decline is similar to a the series of declines gold saw in the 70′s just prior to it’s launch from $400 to $887.50, and that the current correction is the cartel shorts attempting to shake every last ounce of physical gold out of the public’s gold apple tree just prior to a historic vertical move in the metal.
Sinclair states that this may be the last significant correction in gold and the last time gold investors will need to bite the emotional bullet and sit tight while enduring a major raid on the price of gold prior to the metal achieving $3,500/oz!
Sinclair’s full alert is below:
2013 Year of the Snake 10 oz .999 Silver Bars
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From Jim Sinclair:
The pressure on gold is not permanent in any sense. This decline is, as I have told you, similar to the series of declines just before gold took off in the 70s from $400 to $887.50. Those declines then were for the purpose of the last great shake of the gold apple tree prior to the move that gained the most distance over the least amount of time.
My birthday is March 27th. By that time this decline in gold will be old history. This decline is purely to take your positions away from you, certainly in shares which today trade at historic discounts to their assets.
I can only suggest to you as strongly as possible that you need to defend yourself by doing absolutely nothing. This way you can get into the fight and prevent the shorts from taking their profits that are soon to become losses.
The biggest profits the shorts have is in your shares. As long as your company is performing well on the ground do not let the shorts have any joy. This may be the last time before gold trades in excess of $3500 that you need bite the bullet of emotional restraint.
Gentlemen, prepare to defend yourself!
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I don’t know. I don’t think the computer-controlled COMEX will ever price gold at 3500. It’s just not the same game as 1979, with software markets and captured regulators.
Been hearing the SAME comments about gold since $275 an oz. Not that it can’t be true but so far at least, it hasn’t been true. Gold is up more than 600% since those days. Anything that has already happened can happen again if the same conditions remain, so another 600% rise in gold prices would put gold around $10,200 an oz. Not that we will have the same conditions going forward as we had for the past 10 years, of course. Currently, those conditions appear to be getting worse… and quite possibly a lot worse. The central banks were not printing huge amounts of money back then, nor were they buying gold in multi-ton quantities. In fact, they were selling gold back then… at what was pretty much a market bottom. Employment was better, economies were better, banks and other financial businesses were more stable, and debt of all kinds was less than today. Yes, things are definitely different now but for sure not better. If there is anything out there that will reverse this trend, please comment. Some good news would be welcome.
Agree fully that it is not the same game. It IS still a con game but it is being played differently and that can make a lot of difference. Considering all the dumb moves that the central banks around the world are doing now, yes, gold WILL go to $3500, probably on its way to $15,000 or even more… but no one knows WHEN that will happen. It could be this year or 20 years from now. There’s just no way that we can know the future. What we DO know is the trend. Investors are always saying that “the trend is your friend” because a trend occurs over time and is therefore somewhat predictable. Anything in the market that can be predicted, even somewhat, can be used to create a profit.
As for myself, I am betting that those in charge will collapse this house of cards they’ve built and probably by late 2015. The implementation of the “affordable” care act will do a lot of damage to an economy that really hasn’t recovered from the panic of ’08. I do not buy the term “jobless recovery”. Either there is a recovery and jobs are created or their isn’t a recovery and no jobs are created. Recovering from a recession and creating jobs are synonymous. At least, they are when the recovery is real. If the recovery is fake, then sure… anything becomes possible at that point.
That will arrive primarily in 2014 and you will see businesses making the maximum possible effort NOT to hire anyone as well as to lay off as many people as possible and still operate. Smaller businesses will do whatever is necessary to get under the wire of employee count where this stuff applies. IIRC, a business has to have 50 or more employees before the ACA applies to them. Prepare to see tens of thousands of 49 employee businesses and lots more “part time” employees.
There is a reason Jim Sinclair has earned the nickname, Mr. Gold, I can’t think of any person who knows more about the gold market than Sinclair. If he says $3500 is going to happen, you can literally take that to the bank. Do not get scared out of your position. Be right. Sit tight. You’ll be glad you did.
Well I’ll watch and listen and bide my time eating popcorn and watching TV. Keep Stacking something is going on I can feel it inside.
I feel it to Marchaz! Something big is about to happen and soon. The sooner the better.
@RocketsRedGlare This will add fuel to the fire. Are Banksters selling off their Stocks?
http://www.businessinsider.com/massive-options-bet-against-bank-etf-2013-2
You guys GET IT! All too often our minds perceive tiny bits of info that we really can’t form into a complete picture. They are still meaningful, though, so our minds do not want to just throw them away. Instead, we get those nagging feelings that something is not quite right or that danger is lurking near by. This is similar to those times when you KNOW you are being watched by someone. You can’t see or hear them but the hair on the back of your neck is still standing straight up. There must be some very primitive danger-sense that is aroused at these times. There is no real explanation for our feelings at that moment but I have learned to trust them. Unlike many things in life, these really do have our best interests at heart. To put it short, “Go with the gut!”, and you will be right a lot more often than you will be wrong.
Ed B SD is like a hive mind. Lots of people who are culling tons of tons of data and sharing it here. It shows too. There is a good reason to be wary and cautious. The 2013 equity surge is a bear market rally trap Earning are not supporting this surge. The equities are ramping due to small new private money thinking they are getting in at the right time to ride the market up. Bear trap!
The economiccollapsepost has outlined the sellers who are exiting the market. The big money got in at the bottom. As they leave, the small money comes in at the top. ETFs, mutual funds and MMAs are seeing large capital inflows from the same investors. Like you point out, Charlie, the shorts and bears are looking to put the hurt on the smalls.
There is little if any good news on the macro scale. On the smaller scale, the businesses are not hiring. Obamacare is a monster; a weapon of mass destruction that takes formerly profitable businesses to losses with the health care costs. New and higher taxes are weighing down these firms and startups are hard pressed to get off the ground. All levels of governments are absorbing 43% of the US GDP with $1.3 trillion in new debt financing plus $500 billion of interest costs are sucking up capital that could be used for business expansion. Banks are still very reluctant to lend. The YOY increase in business lending? 1%. Maybe good enough to meet the alleged GDP growth but falling far behind in inflation erosion and private sector GDP losses.
What you think, feel and sense is accurate. Those finely tuned senses honed over decades of experience don’t lie. What happens from here is unknown but Willie and others are not overly optimistic.
“Earning are not supporting this surge.”
No, they are not but $85B worth of freshly printed funny-money every month is! The market is rising, not because the economy is doing better, but because it is being targeted for inflation. It is being inflated too. But it IS possible to harvest some of that if one is careful and not greedy. I am doing that at the moment but you better believe that I am doing it as carefully as I can.
“Obamacare is a monster; a weapon of mass destruction that takes formerly profitable businesses to losses with the health care costs.”
Agreed. This will have a profound effect on small businesses all over the US. When it does, the libs will stand around scratching their heads, wondering why the economy is shrinking in spite of all the “good Keynesianism” that is being applied. At the same time, they refuse to LOOK at the results from the laboratory for Keynesian theory, Japan. They have been doing this form of economics for 20+ years seem permanently locked into a Jimmy Carter style “stag-flation” rut that never ends. Of course, it never ends. When one does not solve a basic problem, it continues to be a problem and no amount of dancing all around it will matter diddly.
@Ed_B We Got It Brother.
If we just stack Silver and Gold and do nothing else we will get burned. We need to know what’s going on that’s Human Nature with me anyway.
Shit is happening around us and we have to be vigilant and read everything that has to do with what’s happening. Be it an of the wall article or the like. Human Nature has given us a sixth sense which is our gut feeling for a nicer word Inner Self that will guide us if we let it.
Those people that are just in it for the wealth are going to be hurting WTSHTF if they aren’t prepared for what’s coming and people like us have a darn good idea what’s coming or a Gut Feeling what is coming. Be Prepared and Keep Stacking for Survival forget the Wealth that will take care of it’s self if we have faith.
You sure do, Bro… and congrats on hanging in and hanging on. Stack tall and be strong. Our day really is coming, we just do not know when. Faith is good, especially when properly placed. I see a great deal of that here on SD and it is one of the few things that really encourages me these days.
Being called Gauss by the Kaspersky Lab, who confirmed that the new virus is related to Stuxnet, Flame and Duqu, yet a more sophisticated, state-sponsored cyber-espionage tool.
Guass, which is an online banking surveillance virus, has the capability of electronically transferring information out of customer accounts to be redirected to another location. The banking industry would be devastated if suddenly they were infiltrated by Gauss which would cause every banking customer to become insolvent overnight.
This sets the stage for the banking holiday that we’ve all been warned about. For example, the mainstream media would be used to announce that Gauss has infected the all domestic banking computer systems. In order to purge the virus, all banks would need to shut down for a specified amount of time in order to reconfigure their computers. Perhaps on a Friday afternoon, the major banks will all announce that they will shut down to customer activity so they can “get rid of” Gauss from their system. The banks might say that they will reopen to the public on Monday morning.
Customers would not be able to conduct any financial transactions, either in the bank or online over that weekend. And with the promise that everything will be ok on Monday, there is no threat of a banking holiday because the cover story is that a virus must be purged before regular banking can continue.
However this would be a false flag meant to pacify the public to avert mass panic. While the general public would fall for the cover story, the banking cartels would simply electronically transfer all customer funds from private checking accounts out to off-shore banks where they could not be touched and cover their tracks.
Then on Monday morning, while the reports that the banking industry suffered greater infiltration than expected, the DHS and US armed forces would be poised to enact martial law to control the potential for domestic insurrection caused by the realization that every American has had their money stolen from them by the banking cartels in one fail swoop.
occupycorporatism.com/be-warned-false-flag-cyberattack-planned-on-banks-will-steal-your-money
Great story @Thomas here’s the link: http://occupycorporatism.com/be-warned-false-flag-cyberattack-planned-on-banks-will-steal-your-money/
Every American? Every American should give the bank his wages for the next 10 years – as the return of bank loans and interest. If the banks collapse, all those debts will disappear, is not it?
So I’m just curious,
)
what are all your plans for the mark of the beast system (666 in right hand or forehead)?
I’ll tell you my plan: I’m getting raptured before the 7 year tribulation, because I’ve placed my 100% trust in Christ.
So you have silver to survive a few years, but it’ll only get worse, and evenetually even silver won’t help you.
Got Jesus?
(BTW, Iran is ruled by Shiite mullahs and a Twelver who believe that they’ve personally seen and interacted with the Twelth Imam [Imam al-Mahdi], and that their job is to build an islamic alliance to defeat Israel and America. America, well, it’s abandonned God, so I don’t know if it will survive, but all I know is Israel will survive and win miraculously. Most Israelis have some basic CBRN protection (gas masks and bunkers, and know how to seal off rooms) … all I know is that he West’s enemies have many CBRN capabilities. By betting on an Israeli victory, you’re hedging yourself against a major defeat on the part of Iran and Russia… and for the record, if you follow Reza Kahlili on WND, you’ll see that Fordo really DID get blown up
rapture may be pre or post trib so be wary. a believer knows no man can know the day so be prepared. you can only be right once.
@ Proverbs1616
You said Russia and Iran, but you forgot about China.
“you can only be right once.”
Yep. But if it IS the right time, you only need to be right once. :-D
Prov., most Jews don’t even believe Jesus was the Son of God and you think they will be taken care of in the end?
Oh ya, this Jim Sinclair guy has been spouting off about gold going to +$3000 for awhile now. And everybody worships the guy like his some kind of seer. So far his predictions have been wrong. Its just like Gerald Celente. That guy comes out every f’in year saying the calamity is upon us. Wrong. And of course he’ll eventually hit the write year and everyone will come licking his boots saying what a seer Gerald is. Just like this guy Sinclair coming out every other day yapping about a big rise in gold. Whose to say his big prediction doesn’t happen for 10 years? So far the manipulators have been able to keep prices suppressed nicely, maybe indefinitely. Reality doesn’t matter, only the printing press is what matters. So don’t listen to this Sinclair fool as you’ll probably be able to get gold around the same price for many years.
@ hal0bender
I think the most important word in all your sentences, the word “probably.”
If Sinclair is a fool, then say the name of who you think is smart.
I trust Jim Sinclair. He is not trying to sell anything either. He is a gold educator. If you don’t believe him that is cool. Maybe you can invest in something else. I am not happy with the current price action but I know that the fundamentals require a gold position. And, a silver position. No one can predict timing with much accuracy and Jim Sinclair isn’t trying to. Thanx for your insight though.
He may be saying this over and over but things are coming to a head, taxes, Obamacare, war is ramping up on the ground, cyberspace, and on liberty in the USA. We are headed for an explosion.
Perhaps he does that because he knows that history is filled with great events about which people were warned beforehand, they do nothing to help themselves, and after which they all run around whining, “But nobody told us this would happen!”. We just need to face the facts here. There are thick-headed people out there who not only don’t get it but who never will… no matter how many times they are told. :-/