Jim Sinclair 5 major US banks will default this week

Breaking News: January 30, 2012. In this unedited interview with Ellis Martin and Jim Sinclair reveal a bombshill news regarding the impending default of 5 major US banks tomorrow or by the end of this week according to the ISDA International Swaps and Derivatives Association .Jim Sinclair, host of http://www.jsmineset.com/, gave in the past successful predictions about the gold price , US debt problems, how to ride the trend and the second phase of the gold bull. It's a gear change from arithmetic to exponential growth as public perceptions about the safety of the US dollar changes. The debt ceiling debate is a wake up call for people all over the world.

Jim Sinclair : the MF Global situation is a piece of dynamite sitting underneath the gold price

Jim Sinclair, host of http://www.jsmineset.com known as Mr. Gold for his remarkably accurate timing regarding the gold bull market of the 70s is the Founder of jsmineset.com and Chairman of Tanzanian Royalty Exploration.

Jim Sinclair interviewed by bullmarketthinking on December 12, 2011: “Many gold shares are selling at a significant discount to the price of gold, but also at a discount to simple logic,” for reasons that, “there are significant competing investments that didn’t exist back in the 70s and 80s, such as exchange traded funds in gold and silver…The largest of these funds, if you read the prospectus, you find out you’re investing in a fund that doesn’t have even the legal obligation to deliver gold itself, and they have the absolute ability to only deal in paper equivalents.”
and regarding the MF Global scandal Jim Sinclair says : “When problems like this occur, and when investors question whether or not their statements means anything, assets without liabilities attached to them held physically or stored personally by the investor become very attractive.” and He concluded by saying, “the MF Global situation—is a piece of dynamite sitting underneath the gold price.”

GATA Gold Conference 2011 London

Robert Ian : Jim Sinclair one of the major draws at this conference , Jim is arguably the leading expert on Gold the world over , at the beginning of this past decade when gold was trading at $250 an ounce Jim Calculated that Gold will reach and exceed $1650 an ounce , it took a decade , Jim says that after $1764 Gold is firmly behind us , Gold can move up very quickly because it will mark the beginning of phase three in this gold bull market when a runaway price will gain exponential properties he commented on how we will see the bearish cabal on mining shares look for cover as they sell physical gold in exchange for quality precious metals shares



Related ETFs : Ishares Silver ETF (SLV), SPDR GOld ETF (GLD) SPDR GOld ETF (GLD), Powershares DB SPDR Gold ETF (GLD), Newmont Mining (NEM), Barrick Gold (ABX), GoldCorp (GG)

Jim Sinclair : Own GOLD be your own Central Bank

Jim Sinclair interviewed by James Turk - August 5 2011 at the GATA conference in London Jim Sinclair : credit has gone wild and it is coming home to roast , the reserve currency is broke it will transmit its problems throughout the western world , it is an entire western world currency problem that is endemic because of the dollar which transmitted the problems of debt not simply to the US but to the rest of the world and they all went nutts on the derivatives , it is human nature to the extreme , it is GREED , who needs enemies for the financial leadership we have ?! the ultimate protection for you is be your own central bank you'd rather own gold than reserve currency dollars ,

Related ETFs : Ishares Silver ETF (SLV), SPDR GOld ETF (GLD) SPDR GOld ETF (GLD), Powershares DB SPDR Gold ETF (GLD), Newmont Mining (NEM), Barrick Gold (ABX), GoldCorp (GG)

Jim Sinclair Gold is headed for significant Rally this summer

Jim Sinclair says that Gold is headed for significant Rally over the summer months , the loss of confidence in the market and the mismanagement will causer the gold to rally significantly this summer he explains , the standard of living in America will be deeply affected the middle class destroyed Jim Sinclair explains ,  both in the US and in Europe you can expect new crisis to be met with more printing of money Jim added , he also expects the market could go down 4000 points in a flash and the price of gold will not only go to $1650 $3000 , $5000 but has the possibility into going into 5 figures based on just what we have here and now ....the US financial situation is worse than Greece , the Government can loath the 401Ks and your pensions plans to pay off its debt and purchase bonds when the QE2 ends ...The primary currency precious metal is gold the primary speculative precious metal is silver Jim Sinclair added , this is the time to buy gold and silver



Related ETFs : Ishares Silver ETF (SLV), SPDR GOld ETF (GLD) SPDR GOld ETF (GLD), Powershares DB SPDR Gold ETF (GLD), Newmont Mining (NEM), Barrick Gold (ABX), GoldCorp (GG)

Jim Sinclair : Gold to hit $3,000-$5,000 by June 2011?

Jim Sinclair, "I will stand with what I have said for nearly 10 years. Gold will trade at $1650 on or before January 14th, 2011. That never made me want to buy expensive in time call options." The gold banks are throwing blocks to the price as we approach $1262. This is a major waste of time and money as gold is going to and through that price. The only argument is whether gold will hit $1650 in January 2011 or $3000-$5000 in June 2011.

Jim Sinclair, who called the top of gold in 1980, unwound the Hunt Brother's silver position, and says we are headed towards a world currency.

This pull back is healthy for the long term Bull Market

Silver's recent price run up does not qualify as a parabolic spike in Historical terms. This pull back is healthy for the long term Bull Market in Silver and has created another buying opportunity for those whom purchase physical and hold long term. "Before silver is finished margins will be raised to cash. Volatility, thy name is silver", Jim Sinclair


Related ETFs : Ishares Silver ETF (SLV), SPDR GOld ETF (GLD) , Powershares DB SPDR Gold ETF (GLD), Newmont Mining (NEM), Barrick Gold (ABX), GoldCorp (GG)

Jim Sinclair gold price 1650 dollar oz - intermediate prediction

Jim Sinclair, precious metals specialist.
PREDICTIONS GOLD PRICE 2011

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