David Schectman and I
focus so much on Jim Sinclair’s writings because we have followed his
leadership for the past decade. He is known as “Mr. Gold” with
good reason; and few – if any – would dispute his right to the
title…
Finding Comfort (and New Friends)
in Gold – New York Times, May 2006
His father – Bart
Seligman – was a famous trader; and Bart’s partner was the legendary Jesse Livermore. Sinclair spent a
“lifetime” in the COMEX pits; making his name by calling the top of
the 1970s PM bull; aiding government efforts to liquidate the Hunt Brothers’
accounts; owning and operating brokerage and clearing firms; and selling a
mining company to Barrick Gold – i.e., “EVIL PERSONIFIED” – in 1999…
BARRICK GOLD TO BUY SUTTON
RESOURCES FOR $350 MILLION
Throughout “TEN YEARS OF HEAVEN AND HELL” (soon to be eleven), Sinclair
has been the rock behind my convictions. In fact, I traveled in
2004 to Jupiter, Florida, to see him speak; and again in 2011, at GATA’s
London conference – where I thanked him for his service to the “CIGA”
(Comrades in Gold Arms) community.
At www.jsminesetcom, he has for more than a decade given FREE commentary to the
public; letting them know WHY PMs will rise – and occasionally, HOW.
His methods have been kept proprietary, but the results are
indisputable; particularly, his “$1,650 CALL” in April 2008…
Jim Sinclair Bets a Million
Dollars Gold Price Will Hit $1,650 before the 2nd Week in January 2011 –
April, 2008
Sinclair never told us
WHY he felt so strongly about this call (other than general fundamentals);
but amidst the vicious Cartel PAPER RAID during 2008’s Global Meltdown I,
his forecast buttressed the beliefs of thousands of PM bulls. I
doubt anyone took him up on his bet; but if they did, they would have WON;
albeit, barely – as just a few months later, gold did in fact
reach $1,650/oz, nearly doubling since his April 2008 prediction…
Jim Sinclair has made
many predictions over the years, but few as specific as that one; and NONE as
short-term as what he is saying RIGHT NOW…
This is all going to
come home, and it’s coming home in 2013. We already set the low in
gold. We are now on our way to $3,500. There have never been more
signs of a bottom in a market than you see presently.
…per his soon-to-be-legendary March 8th comments…
Sinclair
– Gold War Rages As Bulls & Bears Continue To Battle
To reach the same valuation metric that helped him call the top in
1980, he now uses a figure “greater than $12,500/oz”; a “moving target” that
rises with EACH DOLLAR PRINTED…
Jim
Sinclair Increases Gold Prediction From $1,650 to > $12,500
…and this time around, he doesn’t believe gold will top, but plateau;
as a new gold standard is established…
Gold is the necklace many currencies will be wearing from 2015 forward.
In fact, he feels so strongly that the “next phase” of the PM Bull
is upon us, he is holding a PUBLIC MEETING to discuss it – TOMORROW.
Hearing him speak is a once-in-a-lifetime opportunity (particularly
given he is 72 years old); and thus, for those in the Tri-State area, I highly
recommend attending…
Details
Confirmed For New York Q&A Meeting March 20th – Jim Sinclair
PROTECT YOURSELF, and do it NOW!
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Read the Monday Afternoon Wrap-Up for
3/18/2013 and the Tuesday Morning Commentary for 3/19/2013
