The legendary Jim Sinclair has sent the following email alert to subscribers this afternoon in what he describes as ‘MY MOST IMPORTANT MESSAGE FOR YOU SINCE MY $1650 GOLD CALL IN 2001‘.
Sinclair stated that ‘the rig is up‘, that today’s movement in gold means that the cartel’s battle to stop gold has been lost, and that ‘the six attempts to kill gold was a now failed attempt to keep gold from trading above $3500‘.
From Jim Sinclair:
Gold will go to and above $3500. This is the most important message I have sent you since 2001.
There are very few of us dynamic thinkers that see everything as a trend constantly in motion. Anyone can be a static thinker, quoting recent economic figures or news headline (MSM), and coming up with a usually wrong opinion.
The change today is that the “Rig Is Up.”
The Bank of England turning their backs on Barclays, the company who did their bidding, will be the event in time marking the trend change.
Many of us in our areas of activity will successfully fight the Riggers. The many complaints that so many of you kindly sent in to fight manipulation released the Kraken in me.
The Kraken is back in its cage where it belongs. The paper trail is there. The worm has turned. Even more importantly is that this fight in the $1540 gold price area was not for regaining the old high in gold. The six attempts to kill gold, supported by some gold writers looking for favors from the riggers was a now failed attempt to keep gold from trading above $3500.
The battle to stop gold has been lost.
The start, like all starts towards the old high and well above, should be slow with more unfolding drama. It will build on itself but gold will trade at and above $3500. I am now as certain of this as I was over ten years ago when I told you gold was headed for $1650. I knew that as fact and to me from $248 gold was trading at $1650.
My job now is to define gold’s full valuation for you when it occurs. The timing is no less than one year from now to a maximum of three years from now. I believe I will be able to do that for you.
This is the most important message I have written you since early in 2001. I write this with total intellectual and spiritual certainty.
![[Most Recent Quotes from www.kitco.com]](http://www.kitconet.com/images/live/s_silv.gif)
![[Most Recent Quotes from www.kitco.com]](http://www.kitconet.com/images/live/s_gold.gif)
Hmmmm! Very bold, but, if Jim is right, that ought to put silver at around $50-70.00. The only problem is he says it could take three years. That may be a normal rise. Step out there Jim and say it like it is. Watch and stack.
Well, I respect Mr. Sinclair and yet, I would like to see Silver breakout!
This was posted from Jesse’s Cafe Americain website:
“We view gold as a currency, not a commodity. Its importance as a
currency will continue to increase as the major central banks around the
world continue to print money.”
John Paulson, Business Week, June 28, 2012
Mr. Sinclair,
1 to 3 years? More like weeks to months at best.
Hell I know gold is going to go up also, as it’s the Elites currency. When that happens that’s when the Derivatives will collapse.
Well folks I’ve finally caught up with all the threads and I’m going to take a break
that!
Having followed Sinclair since his 2001 call, his long term projections have been pretty good, so we should give this some serious consideration. In fairness though, some of his short term calls havent panned very well at all.
Will gold eventually get to $3500? More than likely, yes, and probably higher. Either that scenario or the Dow falls by 10K points. Important point is that gold and silver will retain their purchasing power regardless.
Keep stackin bitchez (as the goldtards are known by over at ZH)
When Europe goes FUBAR and the Dow drops to 6,000 or less, like 2008, gold could easily ramp to meet the DOW or close to it. Even $3,500 would be great. Yes, silver tracks gold at 50 to 1 so $70 an oz seems right. Interesting to note that LIBOR was and is the rate used to determine gold lease rates. The LIBOR fiasco might affect the price of gold but I don’t know how that works or if the gold leasing becomes less and less a factor as gold flows east and supply drops drastically.
Jim just needed to post something since he can’t let too much time go between him loving wherever it is he is living these days and reaching out to his fan base to pump them up… ;)
Marshall…..
Reb in me…..
Holiday….
I don’t know that $3500 gold in a few years with the way things are shaping up would be out of the question or even a surprise for that matter… I think the million oz question is what will the gold/silver ratio be at that point… Will it continue to rise or will it drop to around what is perceived to be the normal 16 ish to 1?? As most of us hold majority silver I feel that would be the pertinent question…
Agreed Danno. The fiat price is not quite as important as the ratio. The fiat price is just a by-product of the ration action. Ah yes 4 OZ. She would look good in the General Lee.
Let’s see..predictions abound. Some call for DOW/Gold theory of 1:1. On that basis, $3500 Gold = DOW of $3500. DOW $5000 = Gold $5000. But others are calling for an order of magnitude fall equal to the rise that occurred since the last depression, and arrive at a DOW/Gold ratio of 0.25:1. If this is the case, then DOW $5000 = Gold $20,000; and DOW $3500 = Gold $14,000. It will still come down to the number of ounces you have, and the historical buying power of gold, which for 2,000 years has been one very fine suit of clothes per ounce of gold, or 200 oz for a nice home, or 20 oz for a new car. The question now is what is the real price of silver? I suspect it will be many multiples higher than the move in gold.
Silver may become currency as gold will be reserve, when the upcoming move is completed, and a MUCH lower gold/silver ratio has been established.
Silver demand for industry is pretty stable, isn’t it?
Just place silver in our wallets in stead of paper money. It will take a lot of silver. But if there is a swap arrangement for stackers, say receiving standardized gram-denominated coins or mini-bars in return for our ounce coins and bars, 1:1 for weight, we’d be persuaded. Not for collectables of course, but who really wants to stack those in good times like today? In the coming economic collapse, premiums will evaporate.
A new world currency would not be backed by anything, but be actual silver and gold. Every country would mint their own style, but the sizes and purities would be globally standardized. Much like Euro coins are today. Same coin, different face. Value in round grams.
And a copper (or similar metal) coin system for smaller amounts. Puts the copper reserves to good use.
4oz, I am going to stick my neck out here and say what I really think.
I don’t think you are wrong Marshall as That’s what I thought when I read this thread. When someone comes out and predicts a figure then there is a reason behind it. Self gain? who knows. Bottom line is: PM’s are going to go up when the Derivatives collapse and no Manipulation is going to stop it.
Exactly, Marchas…
Marshall;
that should have read WITHOUT a huge fight.
Don’t worry 427, we are going to stroke you NOW!!!!!
Marshall;
Oh, 427, you’re making me cry…..