First with Financial Comment from Arabia

Jim Sinclair’s message on gold for 2010

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Gold guru Jim Sinclair is on record as predicting gold prices will hit $1,650 by early 2011, so you would expect an upbeat message for 2010:

Dear Comrades In Golden Arms,

The US dollar represents a common economic union of states as much as the euro does. 40 US states are on the very edge of bankruptcy.

Be serious. Think about it. Don’t fluff it off because you prefer flag waving and pleasing your readers.

The difference is the euro would be stronger without Greece, Spain and Ireland. Also, don’t forget Turkey.

Gold will trade through $1224 to $1278 and then onward to $1650. After $1650 has been achieved, we will move on to Alf and Martin’s numbers.

China is trying to operate the gold market because they want the rest of the IMF’s gold.


Written by Peter Cooper

December 23, 2009 at 9:36 am

One Response

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  1. The US Treasury secretary Turbo Tax Tim Geithner (You might remember that he was the guy who failed to pay his full Federal income tax, telling the US Congress that his use of a do-it-yourself computer tax calculation program called ‘turbo tax,’ caused the underpayment, but got appointed US Treasury Secretary anyway! This happens all the time in developed countries, doesn’t it?) just said on National Public Radio, that the USA will NOT ALLOW a commercial real estate crash in the United States. More magic money creation coming your way, US debt holders.
    I wonder if the Government will bail me out if I make bad investments. Naw, I’m not a billionaire. I can’t afford to hire Washington bribers, ah, I mean ‘lobbyists’. Only the super-rich get free tax money in Changeland. I can now understand why the first thing revolutionaries do is seize the airports.

    Bill Simpson in Slidell

    December 24, 2009 at 4:21 am

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