there are 18 days left ...

1. California moves east as New York nears a zero cash level. Think about this when you hear anything to do with stopping or curtailing QE.(quantitative easing.)

2. Think about CIT’s major executive resignation before you become too happy about a $6 billion dollar loan from the private sector that would take the most senior debt level and therefore rights.

3. 1968 to 1980 was a dress rehearsal as far as gold and the US dollar are concerned today.

4. Today is not a dress rehearsal where gold and the US dollar is concerned.

5. A permanent change in the US dollar’s international importance is in motion.

6. A permanent change in gold’s relationship to international reserves is in process.

7. A resurgence to the US dollar’s position of the reserve currency of choice is not going to happen.

8. Gold is not going to re-experience the first quarter of 1980 fall.

9. Gold is going to re-enter both the qualified investment category as well as accepted, respected monetary asset categories.

Think now about the daily countdown by looking out the market window and seeing what is happening to the US dollar.

The countdown is to a point where it is clear that confidence in the US dollar has reached a point of no fast or meaningful return.

There are 18 days left, and it certainly looks like what has been anticipated in time cycle is in FACT happening.

I do not subscribe to the thesis that this phenomena is happening by mistake or miscalculation. Those observers that think financial leaders are stupid are wrong. It is the observer who is demonstrating stupidity.

What markets cannot stand now is a major geopolitical upset where energy is concerned.

Jim Sinclair at http://jsmineset.com/

My comment:

I suspect investors selling gold and gold equities will be badly caught out by the strong bull market that develops in gold and ultimately the wildest of wild bull markets in gold equities.

As for all those bearish HC posters. I guess we'll see you at US$2000 plus gold.