Jim Sinclair: A move of desperation by the Fed

Section:

By Jim Sinclair
JSMineSet.com
Thursday, December 20, 2012

http://www.jsmineset.com/2012/12/20/a-move-of-desperation-by-the-fed/

You cannot fix the problems of the Western economic system by breaking the telltale thermometer, which is the price of gold.

There is not one professional who does not know that sales in extreme volume at a time of low activity internationally have but one purpose, and that is to reduce the price of gold.

Charts and technical analysis in such a manipulated, manufactured market, as understood by you, are useless. This is a move of desperation by the Federal Reserve via the gold banks based on the false premise that attacking symptoms without meaningful economic intervention is going to cure the problem.

Gold is going to $3,500 and above. The U.S. dollar is headed to .7200 and lower.

We are once again giving away greatness by driving gold into the coffers of Asia in a bargain process that a powerful academic bureaucrat has selected. It is just that simple.

Nobody said survival from the onslaught of the demons would be easy, but it will be successful. ...

It sure looks like the elitists are about to attempt the great train robbery in gold.

All the rumors are crap. This is the biggest manipulative play in gold ever. The only good part is that as soon as the criminals have their positions filled, we are off to $3,500 and above.



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