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The following is courtesy of KingWorldNews.com:

Today legendary trader and investor Jim Sinclair told King World News the gold market has turned into a coiled spring that will be extraordinarily explosive on the upside.  Sinclair also said that central banks have been aggressively accumulating gold because it is going to part of the monetary solution.  But first, here is what Sinclair had to say about the gold market:  “The attempt to keep (the gold market) from moving higher, creates, by nature, a spring, a coil as it were in markets.  If the spirit of the gold market could have been broken, it certainly would have been broken down at the $1,500 level.  This thing is turning into a spring, into a coil, and when it goes it’s going to be something to behold on the upside.  Both in the shares and in gold itself.”
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My observation over the years is that when we have a year or so of chop, the last few months of the chop fall below the preceding trend line, then a new trend line with a greater slope comes into existence.  Looks to me like we are getting to toward the end of this latest choppy pattern.

One way or another Sinclair was, by happenstance, one of the first people in the PM space who I started paying attention to, and in spite of his 'outlandish' claims that gold would hit $1650 which most people wrote off as completely bonkers at the time.  Even if he does make a wrong call and I take a hit by listening to him it is most unlikely that it would erase more than a minor fraction of the gains which I can thank him, in part, for my realizing.

Sinclair is the guy who rode the last bull and stepped off at the top of the market in '80.  I don't know if he was as free with his information and advice at that time since I was not around, but the guy seems to have an understanding of the markets.  Does he have other motivations?  It would be foolish to ignore the possibility.  The same could be said for the provider of any financial advice however.

so just why is it that gold/silver have no guts w/o further QE?  is this how u want to invest; based on what Ben does?

you will soon see just how illiquid bullion can be.

my subscribers have been getting my warnings.

You gotta love how they declared a dividend at the top. Classic 

Same thing is about to happen to Apple and soon.

why has the # of Bitcoins for bid more than doubled @ $4.60 since it first went up the other nite?

LOL, sounds good to me!

Don't look now but i see this as a huge potential problem for your thesis:

Keep what deflation spirally out of control? More likely you'll see inflation spiralling out of control if the fed wants to maintain low interest rates. I still 100% believe that the banking system will never be allowed to go into any major collapse. Under the current regime, the banks run the game.

My point still remains that the FOMC minutes have just reaffirmed what people already heard, that the committee is happy with super low rates through to 2014. They say late 2014 so let's just say until 2015.

Maybe it's a problem with your view point?

I don't listen to all of the KWN stuff.  I pay particular attention to a select handful of people but listen to others if I am bored and have time.  A lot of the KWN regulars including especially the most bullish were saying anything but 'up, up, up' when you supposedly made your genius call to dump gold.  There was closer to universal consensus that it was a time to expect something of a blow-off in fact.  To be fair, a lot of these same folks called the bottom of the correction to soon and to high.


I don't understand 'cycles', but nor do I understand voo-doo.  Both have their practitioners and followers, and many of latter will shell out items of value for the service of the former.  To each his own.

I was expecting the end of the property bubble in 2004 and I expect that it was due to paying attention to someone.  Maybe I was just wrong on my own, but probably not.  I try to amalgamate input from a wide variety of viewpoints and don't get fixated on any particular one.

I run across exceedingly few sources who share my understanding of money (right or wrong though it may be.)  One or two on KWN, but they don't usually get heavily into the subject.  I really cannot think of anyone on this forum.  Most amatures will try to map their own joe-sixpack experiences with money, finance, etc to financial institutions, but it works about as well as mapping Newtonian physics to quantum electrodynamics...it is only practicable by those who have an extraordinary mastery of both subjects and very very few people do.