- $3500 Gold Prediction Is Just For Starters!
by David Schectman, http://blog.milesfranklin.com/
Those who think the Goldmans or Morgans are stupid and clumsy are the ones demonstrating those traits. I see and know the same things these greatest of all time manipulators of price see and know. This is 1979 in the gold market right before the greatest price appreciation took place over the shortest period of time then. The most money over the shortest period of time in the gold bull market of the 70s was not made by the gold crowd but rather by the mega powers of Establishment Wall Street after doing the same things they are now doing.
The gold price can be pushed around like any market can be, but the purpose is to take away yours, increase theirs and then do exactly what is being done now on the upside.
In years to come you will dismiss all my efforts based on my $3500 and beyond number. The reason for this is that number will have only been a start in the gold price towards the new era of industrial expansion based on sound money and major nation’s balance sheets having been balanced by gold.
– Jim Sinclair, The Greatest Business Opportunity Of The Millennium, February 17 2013
Be sure and digest Jim Sinclair’s quote, above. Note that his $3500 gold prediction is just for starters and gold will rise much higher. No one has a clearer view of gold’s fundamentals than Sinclair.
Jim Willie, one of my absolute favorite analysts has written his 90-page February Monetary Crisis Report. Here is an excerpt. If you like what you read here, imagine what you are missing! His Hat Trick Letter heads my “must read” category. You should subscribe to it.
THE USFED IS LOCKED INTO A HYPER MONETARY EASING, SINCE ITS BOND PURCHASES EXCEED THE ENTIRE USGOVT DEBT ISSUANCE IN THE FORM OF USTREASURY BONDS. THE PROGRAM EXCEEDS BASIC BOND PURCHASE IN LAST RESORT. THE CENTRAL BANK CONTINUES TO MONETIZE THE FINANCIAL SYSTEM, NOT JUST THE SOVEREIGN BOND. MANAGED FINANCE HAS GONE HAYWIRE WHILE THE MECHANISMS FOR BALANCE ARE ERODING OR GONE. TO MAKE ROOM, THE USGOVT DEBT LIMIT WAS SUSPENDED TO MAY 2013.