This is a short update regarding from Jim Sinclair always worth a read, in our humble opinion. Don't forget that you can also visit his website and sign-up for his free newsletter as you read as widely as you possibly can.
My Dear Extended Family,
If you have eyes to see, coordinated central bank monetary and fiscal stimulation action is taking place.
Yesterday was "Draughi Day." Today the Chinese officially released massive fiscal stimulus on top of the already monetary stimulus. Watch for the US Fed to chime in.
QE to infinity MOPEd as sterilized is falling into place. Please review my post from last weekend to you on the illusion of monetary sterilization.
Gold is going to and through $3500. The approach some long term gold bulls took toward gold, initiating a temporary short directly after Labor Day, is now in the process of backfiring badly.
My Dear Extended Family,
Monty Guild, a friend of mine for more than forty years, is the most honest and capable man, in my opinion, in money management.
I respect Monty's feelings on many matters, certainly the macro picture. Monty, like I, believe it is possible that coordinated central bank actions in the USA, EU, Japan and China are being discussed. The economic problems are so severe, so international, so global, so entwined, so insoluble and still caused primarily by the greed of 1990 to present finance in the form of OTC derivatives that only coordinated global action can kick this can one more time.
Gold is truly going to and through $3500. The gold business is the best business to be in.
So there we go, are you in position yet - dont leave it too late eh!
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