We know you love Jim (I don't mind him, either), but give it a rest, for goodness sakes!
Every day, it seems, you pick out a paragraph or two from his editorials and plaster it across every gold share and GOLD thread you can find for the rest of the day. Once is enough, mate!
It's your choice, but IMO, it's a bit unhealthy (investment-wise) to be a religious-like disciple of anyone. They are all human; they all make mistakes, like the rest of us.
I've read Sinclair for many years - probably four or five. Obviously, he's been right with the overall direction of the gold market.
However, he's been calling for a total breakdown of COT and a bubble-like rise in the gold price since at least 2004. Even in the midst of deep and dark retreats in gold, he's steadfastly refused to consider anything other than buy and hold (at least, that's been his public advice: we don't know how often he's personally traded in and out, although he's hinted that he's done so often).
From time to time, he talks about his adventures into other commodities. However, he never talks about them in the way he does gold. Many of his followers have almost completely missed the general commodities boom, waiting for gold to go to da moon!
IMO, the problem is that he's been way too early. First, we had the base metals boom, then the energy boom, then the soft commodities boom. I caught the energy part of that, but was left waiting for the gold boom for a large part of the time.
The irony is that, after missing all of those various booms and sitting through a hard gold share rubbish market, it is probably gold's turn to shine now. Inflation is finally starting to really hot up in the way people have been predicting for years. Farmers like yellowcake will find that they can't farm at a profit in years to come, because their input costs will be rising faster than their finished good costs.
In this environment, gold comes into its own. People want some way to protect their wealth and gold is easier than trying to pick a company which is "inflation-proof".
Nevertheless, as I cautioned at the top, this is just an opinion (and just my opinion, which is most certainly worth less than Sinclair's).
