we've reached jim sinclairs $1764

[AndreaGail]

so do we go parabolic?! http://freeemoticonsandsmileys.com/emoticons/Mood%20Emoticons/i%20dont%20know.gif


http://www.youtube.com/watch?v=IF24atvNkSo

[solid]

It's insane man, just weeks before we were well below $1600.

To blast through $1700 and beyond is too quick for me. I'm still digesting.

We need to slow this shit down.

[platinumdude]

hopefully not parabolic down.

[BrewTech]

My best answer? I don't have a fucking clue.

[StreetsOfGold]

strangly... I hope he's wrong for a change

[JohnQPublic]

This was the way silver was acting up to $50, but quicker. I don't know if it will turn around this time. I still think the big banks were using the silver mini-bubble to get their hands on gold somehow.

[Serpo]

Well Jim seems to think it will go parabolic from 1764 so.......;D

[osoab]

If gold heads down hard after this rise, think of the what the drop in silver will look like. :o

[PatColo]

Jim Sinclair – Gold to Exceed $12,500 to Balance US Debt (http://www.jsmineset.com/2011/06/08/jim-sinclair-gold-to-exceed-12500-to-balance-us-debt/)


June 8, 2011, at 1:23 pm
by Jim Sinclair (http://www.jsmineset.com/author/jimsinclair/) in the category General Editorial (http://www.jsmineset.com/category/generaleditorial/), King World News (http://www.jsmineset.com/category/king-world-news/) | http://www.jsmineset.com/wp-content/plugins/wp-print/images/printer_famfamfam.gif (http://www.jsmineset.com/2011/06/08/jim-sinclair-gold-to-exceed-12500-to-balance-us-debt/print/) Print This Post (http://www.jsmineset.com/2011/06/08/jim-sinclair-gold-to-exceed-12500-to-balance-us-debt/print/) | http://www.jsmineset.com/wp-content/plugins/wp-email/images/email_famfamfam.png (http://www.jsmineset.com/2011/06/08/jim-sinclair-gold-to-exceed-12500-to-balance-us-debt/email/) Email This Post (http://www.jsmineset.com/2011/06/08/jim-sinclair-gold-to-exceed-12500-to-balance-us-debt/email/)
Dear CIGAs,
My interview with Erik King of King World News is I believe the most important this year.
Please listen to the full audio version of my interview with King World News carefully to understand the message of $12,500 and what will make it occur.
If you listen to this you will be prepared.
Please do not get scared out of your positions and miss thousands of points.
Regards,
Jim
Click here to listen to the full audio interview… (http://tinyurl.com/3kexk7e)
Jim Sinclair – Gold to Exceed $12,500 to Balance US Debt
With continued volatility in gold and silver, today King World News interviewed the legendary Jim Sinclair to get his take on the markets. Sinclair surprised KWN by discussing a price target for gold that to some would seem unimaginable. When asked about trading for gold this summer Sinclair stated, “I think most of your analysis of secular trends will look and say no, no, summer time doldrums nothing happens. Well we could have something very significant happen and for a very clear reason. It’s becoming obvious even to our talking heads that this great recovery which we’ve questioned for a considerable period of time is in fact more in people’s minds than in reality. The economy is turning down again and turning down hard, there’s no question about that.”
Sinclair continues:
“Quantitive easing is the only tool that the Fed has had available to them. The Fed has pumped in trillions of dollars and the result of that pump-priming in the monetary sense has been only at best a modest recovery, and certainly making trillionaires out of some bankers, billionaires out of many of them.
We’ve come to a point now where if QE were to be stopped, you would see an implosion in the general equity markets…And yes gold would go down, the market would go down hard. The dollar would go up slightly to begin, but then fall back down again as the management of the economy was seen to have been ineffective and inefficient.
Gold would then start moving back up again and I think if QE was to cease, the recovery on gold from a modest reaction would be multiples upon multiples of that reaction and would lead the way to Harry’s $2,400, to Alf’s $3,000 to $6,000.
You can’t stop quantitive easing. If you stop quantitive easing the stock market will return to its recent low or lower. That alone by its impact on decision making will cause an economic implosion. We’re tied into this monetary stimulation, there is no way out of monetary stimulation. If there was any attempt to get out of monetary stimulation it would cause an economic accident which would require central banks to go right back where they were. That would be again, loss of control…
More… (http://tinyurl.com/3z7sg8u)

[1970 silver art]

If gold heads down hard after this rise, think of the what the drop in silver will look like. :o

I think that another silver smack down will happen soon and the smack down will look very ugly for silver. This same scenario of where you had gold way up and silver down occurred on April 29, 2011 (gold up $29.90 and silver down about 0.50) from what I remember. I do not like this at all. It is starting to appear like Deja Vu. Expect another silver smack down soon. This is just my take on it.

[1970 silver art]

It's insane man, just weeks before we were well below $1600.

To blast through $1700 and beyond is too quick for me. I'm still digesting.

We need to slow this shit down.

You might get your wish very soon Solid. Think back to April 29, 2011 when gold was up about $29.90 and silver was down $0.50 and think back to the big silver smack down that happened that following week. It seems to me that this same scenario is going to play out very soon. I do not know exactly when this second smack down will occur but it will happen soon based on the opposite directions that I see gold and silver going. It is going to get very ugly on the downside soon IMO and it will get especially ugly for silver on the downside.