Jim Sinclair: Last Take Down Before Gold Trades At New Highs!

[Serpo]

Jim Sinclair: Last Take Down Before Gold Trades At New Highs! July 15, 2014



(http://sdbullion.com/)






http://www.silverdoctors.com/wp-content/uploads/2014/05/Sinclair-Hong-Kong-300x212.png


Legendary gold trader Jim Sinclair sent out an email alert to subscribers Monday night regarding the manipulative dump of $1.3 billion in paper gold on the week’s COMEX open.
Sinclair, who called the top in the last gold bull market to the day, stated that Monday’s gold take-down was to allow the bullion banks to cover their shorts, and to initiate and expand long positions in advance of gold’s coming bull rally.
Sinclair, who has long stated that the entities that will make the most during gold & silver’s massive secular bull markets are the very bullion banks who have been naked short throughout the duration, warns that the bullion banks are GOING LONG HERE AND NOW!
Sinclair states that long term cycles in gold are turning positive and that this was likely “the last take down before gold trades at new highs“.
Sinclair’s full MUST READ alert is below:



From Jim Sinclair (http://www.silverdoctors.com/jim-sinclair-last-take-down-before-gold-trades-at-new-highs/jsmineset.com):
Manipulation such as the sale of $1.3 billion dollars worth of paper gold at an illiquid time period today is not to protect the dollar or bull the general equity market. It is to make money for the manipulators that want here to cover their shorts and initiate to expand their long positions. That sale was a pure construct as there was no news to sustain the sell or to initiate it in the time span of its occurrence.

Long term cycles in gold are in the process of turning long term positive. That is fact. There is a strong possibility that this is the last take down before gold trades at new highs. I feel this is the situation.

The economic dislocation internationally in banking exposure to its risk profile is at levels greater than 2007-2008, and is the subject basis of the letter attached here from the “Sovereign Man” as an example of what success can be expected from the certain program of Bail-In for the entire Western financial system.

Clearly we are witnessing the popular delusions and madness of the crowd in general markets and today in the reverse in the gold price. This will make new highs after the failure of this clearly false price construct of this morning’s illiquid time period.

Sincerely,
Jim


http://www.silverdoctors.com/jim-sinclair-last-take-down-before-gold-trades-at-new-highs/

[Uncle Salty]

Is the train finally leaving the station? I won't hold my breath. Would love to see, but, at this point, it is so discouraging. One of these days, I guess...

[osoab]

http://www.toddkerns.com/images/album%20covers/Broken%20Record.jpg

[EE_]

http://www.todnovak.com/thebirds/images/buy_it_now_small.png

[Uncle Salty]

http://www.toddkerns.com/images/album%20covers/Broken%20Record.jpg

Yeah, Jim told us 'this is it' about two years ago.

[Serpo]

Wouldnt post it if didnt agree myself.............................jim got his info from this guy........................http://www.silverdoctors.com/a-final-summer-low-still-ahead-as-golds-sabbatical-rest-comes-to-an-end-gold-heads-to-10000/

it is panning out as Bo Polny has said............took up his subscription 1 month ago on my superannuation scheme and already his advice has saved me 6 times that.(moving some bullion,you have to sell and re buy normally losing money on the transaction.) I intend to gain this time.

Cant tell anyone his price objectives for this down turn is but basically July is last chance as from August is when THE TRAIN PULLS OUT OF THE STATION.


hint look at green zone in his bottom chart.....................

[EE_]

Jim hasn't put out an alert like this in quite a while...I think he's on it this time.
Enjoy the ride, it begins soon!
It will be nice to see all our members happy and nice to each other again!
Might even see a few old missing members show up?

[old steel]

So then lets say gold takes off and approaches 10,000 by late fall and silver really takes off closing the gap to the historical ratio of 16:1 pushing silver to over $600.00.

What would the rest of the economy look like under those conditions?

[Spectrism]

So then lets say gold takes off and approaches 10,000 by late fall and silver really takes off closing the gap to the historical ratio of 16:1 pushing silver to over $600.00.

What would the rest of the economy look like under those conditions?

Gasoline would then be at $120/gallon.
Bread would be $70 for a loaf.

Nah... those numbers would not happen. Not yet. It would destroy the whole market and the dollar would be Z-class. We are far more likely to see some other major problems first.

[Cebu_4_2]

But silver to dollar is not connected. it is possible silver 1,000 oz and dollar flat.

[Serpo]

So then lets say gold takes off and approaches 10,000 by late fall and silver really takes off closing the gap to the historical ratio of 16:1 pushing silver to over $600.00.

What would the rest of the economy look like under those conditions?

His over 10,000 target is 7 years away

Has gold at a moon shot too 2000 by end of year starting from this August,but most of any gains would probably be towards the end of the year you would think.

The time cycles he goes on about are classic Gann and can be very accurate.



Time becomes more important than price and when time is up ie bear market finished(couple of weeks) then thats it ,momentum shifts .

Also how the bear market in a bull is 1 third the amount of time it was in a bull market.


Interesting to see what comes to pass..........................

[EE_]

Congrats to Mr. Sinclair, he saw the turn in PM's within 2 days. Hope you're all loaded and strapped in for the ride.

[Uncle Salty]

So then lets say gold takes off and approaches 10,000 by late fall and silver really takes off closing the gap to the historical ratio of 16:1 pushing silver to over $600.00.

What would the rest of the economy look like under those conditions?

It depends what happens to the US dollar. If the repatriated dollars are what fuels the run up, then maybe not much. But if the US dollar collapses from lack of world wide demand, oil goes to the moon as well.

Ha ha ha.

[osoab]

Congrats to Mr. Sinclair, he saw the turn in PM's within 2 days. Hope you're all loaded and strapped in for the ride.

One plane crash does not signal a turn.

[EE_]

One plane crash does not signal a turn.

I'll see your plane crash and raise you a thorough slaughter of the Palestinians and the resulting outrage of the Muslim world...

[Serpo]

Congrats to Mr. Sinclair, he saw the turn in PM's within 2 days. Hope you're all loaded and strapped in for the ride.

This isnt it.............

[osoab]

I'll see your plane crash and raise you a thorough slaughter of the Palestinians and the resulting outrage of the Muslim world...

The Muslims always seem to be pissed about something. They really have done diddly squat about Izzy pounding and usurping Palastine for the past 60+ years. Are the Muslims more outraged now than any other time in the past 30 years?

Tomorrow is Friday. Markets must close green. Happy thoughts for the sheep over the weekend.

[old steel]

Heh osoab, you must be psychic. Markets are green green green, metals are red.

The Fed is firmly in control, unfortunately.

Any ideas on lottery numbers for the weekend?

[Shami-Amourae]

Is this the last time Sinclair says it's the last time?

[gunDriller]

Jim hasn't put out an alert like this in quite a while...I think he's on it this time.
Enjoy the ride, it begins soon!
It will be nice to see all our members happy and nice to each other again!
Might even see a few old missing members show up?

in order to know when physical shortages will end the paper games ...

we need to know how much physical there is, and where.

it is the opposite of 'transparency'.

since we don't yet know the answer to that question, we can do partial analyses, e.g.
"well Italy has 1000 tons at home, 2000 tons in New York, that's 1000 tons of physical that can be replaced with tungsten, we can sell that to support this quarter's raid".


we see all the signs of MASSIVE criminal activity, e.g. the $4.4 million settlement reached between Morg Stanley and customers. 2007.

MS did the bait-and-switch, charged storage fees for re-hypothecated gold. settled in cash for the gold. had the nerve to charge customers vaulting fees for non-existent gold. customers asked for their vault fees back, that's what the $4.4 mill. was about.

(my brother worked for MS for about 10 years in the real estate division ... he HATES talking about this stuff.)


Sinclair/Seligman is closer to the 'inside' than we were. like a journalist, he may be unable to reveal sources.

as far as i can tell, though, he's telling it like it is, as much as is possible.

[mick silver]

many will go without food and water ....
So then lets say gold takes off and approaches 10,000 by late fall and silver really takes off closing the gap to the historical ratio of 16:1 pushing silver to over $600.00.

What would the rest of the economy look like under those conditions?

[osoab]

Heh osoab, you must be psychic. Markets are green green green, metals are red.

The Fed is firmly in control, unfortunately.

Any ideas on lottery numbers for the weekend?

No lotto numbers.