Jim Sinclair very kindly sent us this missive this morning:
When Greece falls "CDS OTC Instruments of Western World Financial Destruction" will tear apart every currency, including the dollar, one state at a time.
Merkel will kill herself and Germany if she persists in political grandstanding.
When Greece is bailed out it is "QE to Infinity."
Either way this is a catastrophe because the OTC CDS market now cannot be stopped as it will issue out of Uzbekistan or a satellite country if necessary.
It is too late. The monster that will eat the Western World has been set loose in Wall Street.
My observation is the financial leaders are acting too stupid to be stupid, so what is the agenda?
The agenda for gold is $1650 to $5000. Take your choice.
Gold mines will be mining money even though that concept has never entered the minds of the major producers. If it had they would not sell every ounce they mine or hedge anything ever.
Not looking too good is it!
For those interested in getting a bit more bang for your buck and adding a touch more excitement to your portfolio, then check out our Options Trading Service please click here.
Got a comment then please add it to this article, all opinions are welcome and appreciated.
To stay updated on our market commentary, which gold stocks we are buying and why, please subscribe to The Gold Prices Newsletter, completely FREE of charge. Simply click here and enter your email address.
For those readers who are also interested in the silver bull market that is currently unfolding, you may want to subscribe to our Free Silver Prices Newsletter.
For those readers who are also interested in the nuclear power sector you may want to subscribe to our Free Uranium Stocks Newsletter, just click here.