Monday, October 19, 2009

Gold will go to $1224 and zoom to $1650 - Jim Sinclair - CommodityOnline

'Gold will go to $1224 and zoom to $1650'

2009-10-18 17:15:00

By Jim Sinclair

A significant number of articles written lately, some with superb prose and many sent to me by CIGAs, would convince you that the market in gold is simply a major move in a regular market and is therefore now well priced.

What is assumed by others is that in some way this is a "Dress Rehearsal" for some event way into the future that may or may not happen at all.

Let me assure you this is no dress rehearsal, but today's gold market is the "Real Thing."

It is the Real Things because there is a huge difference between the US dollar in the 1970s and the US dollar today.

It is the Real Thing because there is a huge long-term shift in economic strength between the East and the West.

It is the Real Thing because political strength long-term always follows economic strength.

It is the Real Thing because there is always a long-term shift in the currency of preference between improving and stagnated economies

It is the Real Thing because geopolitics is always seen by the West as one event followed by another, conquerable by brute strength with technology falling to low tech and generational plans.

It is the Real Thing because the financial world has become a predatory sociopath's playground that now builds nothing while only seeking to destroy everything.

It is the Real Thing in perfect timing with many macro agricultural cycles from hot to cold and wet to dry.

Gold will go to $1224, $1650 and then on to Alf's numbers in Armstrong's timeline.

Source: http://www.commodityonline.com/news/Gold-will-go-to-$1224-and-zoom-to-$1650-22103-3-1.html

Last Updated ( 19 Oct 2009 )

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