falling off a cliff..., page-4

This stock will be around $2 dollars when the us dollar falls its coming soon,

Dear Extended Family,

There is no safe haven in buying the currency or debt of a BANKRUPT nation seeking to borrow ever more. That is a fact that no algorithm can extinguish.

Gold and good precious metal shares are insurance.

Speculators, even bullish speculators, are the enemy of gold as they set themselves up to be used as the means of doing exactly what you see today, getting killed and THEREIN REDUCING PRICE. Leverage is your enemy as the gold banks strike at the weakest part of the gold market to accomplish their ends. Stop speculating in credit against mega money. The gold banks will lose against the cash market alone.

Gold is insurance for the wise and speculation for dumb.

Below is a quote from Armstrong’s latest dated August 7th. Regardless of the intrigue in his life this man is yet to wrong on any major trend, if you understand what he is doing for you. If you demand the day, the time of day, the price and the immediate direction you are asking too much from a human. Armstrong has been consistently right on the trend and the trend is the only friend you will find on the floor of any exchange.

“Gold continues to consolidate below $1000. This is a critical sign that confidence is swinging away from the government. Just as China is concerned for the dollar, they speak the truth, unlike the BS from Washington. They are speaking from self-interest and so is Washington. China is concerned about its holding in dollars and has been reducing the maturity of their holdings. The Washington crowd has been speaking out of their self-interest insofar as they do not want to face reality and keeps telling everyone “don’t worry-be happy.””

It appears that gold is building a base from which a rally up to $2,500 – $3000 area is very likely. There is even a possible rise to the $5000 level, but that is the most extreme projection. This is suggesting that confidence in the dollar is declining. This is not the classic, “Inflation nonsense, but a collapse in currency value consequence.”

I would add that hyperinflation, a non classic inflation, is always and will be again be the CONSEQUENCE of a CURRENCY EVENT no one understands now or will understand when it happens, which it will.

There are 82 days to go.

I am not the least bit concerned about the price of gold.

All dollar rallies are going to be sold by those seeking diversification, most certainly those governments that do seek the US’s best interests such as Russia.

Respectfully yours,
Jim Sinclair