You are here
Jim Sinclair interviewed on gold by Bloomberg TV
9:22p ET Thursday, September 28, 2006
Dear Friend of GATA and Gold:
Our friend Jim Sinclair, chairman of Tanzanian Royalty Exploration and proprietor of JSMineSet.com, was interviewed for eight minutes Wednesday on Bloomberg Television. Among his major points:
-- Gold isn't a religion but a currency and is primarily the inverse of the U.S. dollar.
-- The dollar is at a critical level and the U.S. Exchange Stabilization Fund is likely defending it here.
-- Geopolitics and even energy prices are mainly "noise" around the price of gold, not the main determinants of gold's long-term direction.
-- The paper gold market is too small for the big money that sometimes tries to crowd into it and everyone there is front running everyone else.
-- His prediction for the gold price is above $1,600.
You can watch Sinclair's interview at the Bloomberg site here:
http://www.bloomberg.com/avp/avp.htm?T=default&clipSRC=mms://media2.bloo...
Or try this abbreviated link:
CHRIS POWELL, Secretary/Treasurer
Gold Anti-Trust Action Committee Inc.
* * *
Join GATA
at the
New Orleans Investment Conference
Wednesday-Sunday, November 15-19, 2006
http://www.neworleansconference.com
When you register for this conference online, PLEASE help GATA by designating us as the organization through which you heard about the conference. There's a window at the bottom of the Internet registration form for designating us as your recommender, and the conference will pay GATA a commission for each GATA supporter who attends.
* * *
Help Keep GATA Going
GATA is a civil rights and educational organization based in the United States and tax-exempt under the U.S. Internal Revenue Code. Its e-mail dispatches are free, and you can subscribe at www.GATA.org. GATA is grateful for financial contributions, which are federally tax-deductible in the United States.
