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Jim Sinclair: A move of desperation by the Fed
By Jim Sinclair
JSMineSet.com
Thursday, December 20, 2012
http://www.jsmineset.com/2012/12/20/a-move-of-desperation-by-the-fed/
You cannot fix the problems of the Western economic system by breaking the telltale thermometer, which is the price of gold.
There is not one professional who does not know that sales in extreme volume at a time of low activity internationally have but one purpose, and that is to reduce the price of gold.
Charts and technical analysis in such a manipulated, manufactured market, as understood by you, are useless. This is a move of desperation by the Federal Reserve via the gold banks based on the false premise that attacking symptoms without meaningful economic intervention is going to cure the problem.
Gold is going to $3,500 and above. The U.S. dollar is headed to .7200 and lower.
We are once again giving away greatness by driving gold into the coffers of Asia in a bargain process that a powerful academic bureaucrat has selected. It is just that simple.
Nobody said survival from the onslaught of the demons would be easy, but it will be successful. ...
It sure looks like the elitists are about to attempt the great train robbery in gold.
All the rumors are crap. This is the biggest manipulative play in gold ever. The only good part is that as soon as the criminals have their positions filled, we are off to $3,500 and above.
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Opinion Around the World Is Changing
in Favor of Gold -- Find Out Why
When Deutschebank calls gold "good money" and paper "bad money". ...
http://www.gata.org/node/11765
When the president of the German central bank, the Bundesbank, pays tribute to gold as "a timeless classic". ...
http://www.forbes.com/sites/ralphbenko/2012/09/24/signs-of-the-gold-stan...
When a leading member of the policy committee of the People's Bank of China calls the gold standard "an excellent monetary system". ...
http://www.forbes.com/sites/ralphbenko/2012/10/01/signs-of-the-gold-stan...
When a CNN reporter writes in The China Post that the "gold commission" plank in the 2012 Republican platform will "reverberate around the world". ...
http://www.thegoldstandardnow.org/key-blogs/1563-china-post-the-gop-gold...
When the Subcommittee on Domestic Monetary Policy of the U.S. House of Representatives twice called on economist, historian, and gold standard advocate Lewis E. Lehrman to testify. ...
World opinion is changing in favor of gold.
How can you learn why and what it will mean to you?
Read the newly updated and expanded edition of Lehrman's book, "The True Gold Standard."
Financial journalist James Grant says of "The True Gold Standard": "If you have ever wondered how the world can get from here to there -- from the chaos of depreciating paper to a convertible currency worthy of our children and our grandchildren -- wonder no more. The answer, brilliantly expounded, is between these covers. America has long needed a modern Alexander Hamilton. In Lewis E. Lehrman she has finally found him."
To buy a copy of "The True Gold Standard," please visit:
http://www.thegoldstandardnow.com/publications/the-true-gold-standard
