Jim Sinclair - You Want Dates For The End Of This Reaction?

[Ag47]

http://www.jsmineset.com/2013/02/27/you-want-dates-for-the-end-of-this-reaction/

"You wants dates? Ok...

...The bet on the short of gold side is that the Sequester takes place. I have felt that the gold market's longest period of reaction possible would end on my birthday, March 27th. That puts it directly in place of this wager in time...

...The earliest date of the end of the decline is the 28th of February and the longest period of pressure is until the 27th of March. Thereafter gold is released to the upside which will be a minimum of $3500..."


Not sure what his birthday has to do with the global gold bullion market but there you go - he finally provides a date (range).

 

[rbaggio]

Providing dates = jumping the shark.

 

[willrocks]

Not sure what his birthday has to do with the global gold bullion market.

Because he's nuts. I suspect it's old age kicking in.

 

[Silverthorn]

the debt limit is reach late march?

March 1: Budget Sequestration Sequestration is a fiscal policy procedure adopted by Congress to deal with the federal budget deficit. In simple terms, sequestration forces spending cuts on government programs and then uses that money to pay down the deficit. Significant spending cuts in military and other programs will begin if no budget deal is forged by the deadline.

March 27: Government Appropriations bill due An appropriations bill authorizes the government to spend money. Congress must pass a bill each year to provide money for "discretionary" programs. Without such a bill, the government will face a partial shutdown. What that means: Debt payments and Social Security will continue, but much of the government will not, including research programs, NASA, passport offices, national parks, etc.

http://www.marketwatch.com/story/how-to-make-money-on-the-debt-ceiling-standoff-2013-02-05

 

[Guest]

I wonder where $3,500 gold will leave silver?

 

[southerncross]

I wonder where $3,500 gold will leave silver?

Still in my stack

 

[Eruaran]

I wonder where $3,500 gold will leave silver?

Assuming the ratio doesn't change? (and who knows about that) Prolly around $67 give or take? :/

 

[TreasureHunter]

So many predictions were wrong...

 

[Ag47]

Just a reminder that tomorrow is Sinclair's birthday.


"...hereafter gold is released to the upside which will be a minimum of $3500..."

 

[Guest]

Just a reminder that tomorrow is Sinclair's birthday.


"...hereafter gold is released to the upside which will be a minimum of $3500..."

He didn't give us a time of how long this move to $3,500 will take, only that his birthday or before will be the time where it will start to move up

 

[Ag47]

Just a reminder that tomorrow is Sinclair's birthday.


"...hereafter gold is released to the upside which will be a minimum of $3500..."

He didn't give us a time of how long this move to $3,500 will take, only that his birthday or before will be the time where it will start to move up

Yep, so according to Sinclair, by tomorrow the bottom is in. Pretty clear, so we shall wait and see I guess.

 

[Altima]

Or he could be wrong... just like those people who waited for the Mayan apocalypse.

 

[valuecreator]

he's been wrong about so many things in the last few months, he's hard to take seriously.

 

[Dogmatix]

^ agree, you'd think these guys would know by now to not bet on the paper price

Probably see them at the horse races

 

[Melty]

Santa also said $1600 will never bee seen again. Spot just bounced off of it too. Nice.

Up Up to da sky!

[youtube]http://www.youtube.com/watch?v=dZ-QL75KGdk[/youtube]

 

[Melty]

Gold Closed at 1595 yesterday and now its gone under.

Today is the 27th

Happy Birthday Jim!

May the golden road rise to meet your footsteps!

[youtube]http://www.youtube.com/watch?v=fJeTl6KoJUE[/youtube]

 

[Melty]

Silver might go down to $26.50(usd). I have thought that for a while.

Hell... could go down to $10 again. Who t f knows. Keep some money handy for that!

Im buying more lately, the most since 2008.

I am clicking clicking clicking

when will it be shipped?

where is it?

will it come today?

/looks out window, even though its 2:41 am...

maybe today?

(see, 'what i bought today' thread)

 

[Silverthorn]

probably need to look for something out of the US to undermine the US dollar before things get going. cyprus might just be acting as a distraction at the moment?

 

[JulieW]

http://www.zerohedge.com/news/2013-03-26/guest-post-whom-believe-gold-central-banks-or-bloomberg

Bloomberg reported recently that Russia is now the world's biggest gold buyer, its central bank having added 570 tonnes (18.3 million troy ounces) over the past decade. At $1,650/ounce, that's $30.1 billion worth of gold.

Russia isn't alone, of course. Central banks as a group have been net buyers for at least two years now. But the 2012 data trickling out shows that the amount of tonnage being added is breaking records.

Based on current data, the net increase in central bank gold buying for 2012 was 14.8 million troy ounces and that's before the final 2012 figures are in for all countries.

This is a dramatic increase, one bigger than most investors probably realize. To put it in perspective, on a net basis, central banks added more to their reserves last year than since 1964. The net increase so far is 17% greater than what was added in 2011, which was itself a year of record buying.

Jim Rickards

"The catalyst for a spike into the $2,500 to $3,000 price range for gold will be an announcement by China, probably in late 2013 or 2014, that they have acquired 4,000 tonnes or more in their official reserve position. This will put China on an equal footing with the US in terms of a gold-to-GDP ratio, and validate gold as the real foundation of the international monetary system. Once that position is validated, gold will move to the $7,000 range in 2015 and beyond."

 

[rbaggio]

One of your best calls Jim Sinclair.

Bravo.