Lets get the opinion of the Gold Guru himself. Jim Sinclair.In...

Lets get the opinion of the Gold Guru himself. Jim Sinclair.

In The News Today
Posted: Jul 07 2009 By: Jim Sinclair Post Edited: July 7, 2009 at 6:55 am

Filed under: In The News

122 days to go



Dear CIGAs,

This is precisely what the Formula anticipated in 2006.

As revenue collapses on all fronts while spending for all governmental activities including the major rescue actions rise violently and a few wars are being processed in historically un-winnable areas, the amount of Treasury instruments that must be issued will rise to eclipse the sun.

The dollar impact is as devastating as it has been to any empire’s currency that embarked on this well trodden road in history to financial perdition.

This is why a bear market in long bonds is a Pillar of Gold given to you in 2006 in the illustration, The Pillar of Gold at $1650.

This is exactly what you were told would happen nearly four years ago, the order in which it would happen, and exactly what it means to markets. Now I am telling you there is 122 days to go.

The situation in California is a mini prelude to when Washington makes the US dollar a clear IOU chit. It is already, but MOPE via SPIN still has Ivy League Wall Street keeping the sheeple as sheeple.

122 days to go.