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Golden Star Resources, Ltd. Message Board

  • studebaker1940 studebaker1940 Sep 7, 2012 2:54 PM Flag

    Jim Sinclairs thoughts for today

    My Dear Extended Family,

    If you have eyes to see, coordinated central bank monetary and fiscal stimulation action is taking place.

    Yesterday was “Draughi Day.” Today the Chinese officially released massive fiscal stimulus on top of the already monetary stimulus. Watch for the US Fed to chime in.

    QE to infinity MOPEd as sterilized is falling into place. Please review my post from last weekend to you on the illusion of monetary sterilization.

    Gold is going to and through $3500. The approach some long term gold bulls took toward gold, initiating a temporary short directly after Labor Day, is now in the process of backfiring badly.

    Regards,
    Jim

    My Dear Extended Family,

    Monty Guild, a friend of mine for more than forty years, is the most honest and capable man, in my opinion, in money management.

    I respect Monty’s feelings on many matters, certainly the macro picture. Monty, like I, believe it is possible that coordinated central bank actions in the USA, EU, Japan and China are being discussed. The economic problems are so severe, so international, so global, so entwined, so insoluble and still caused primarily by the greed of 1990 to present finance in the form of OTC derivatives that only coordinated global action can kick this can one more time.

    Gold is truly going to and through $3500. The gold business is the best business to be in.

    Respectfully,
    Jim
    In The News Today
    September 7, 2012, at 8:42 am
    by Jim Sinclair in the category In The News | Print This Post Print This Post | Email This Post Email This Post

    My Dear Extended Family,

    At this time a return to the gold standard is neither practical nor desirable.

    The role of gold is to guarantee ground gained in sound monetary finance endures for generations. It does not create sound monetary ground gained.

    The right time for a return to gold standard of sorts is after a disaster, or an enlightened monetary restructuring.

    Jim



    Jim Sinclair’s Commentary

    You sold gold short after Labour Day on the counsel of who?

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    • good to buy gold for sure. The price of gold doesn't always correlate to gold stock increases. GSS being on the bottom floor should gain good grounds. We shall soon see. I expected much more today then where we're at, but it's a start. The mm is relentless holding it down accumulating. You know he's going to eventually offer those shares at a higher price. Patience is key . QE should soon
      be in the mix following europe in bonds

      • 1 Reply to electdon30
      • The mm is relentless holding it down accumulating.

        The MM, Broker dealers in our Company Shares Need to be Relentless. They have Worked very Hard keeping these Shares Depressed for a Number of Years.

        Personally, I believe the Goal was to Bankrupt the Company and Aquire the Assets for Pennies, but Now their Plan has Backfired Badly.

        Expect the Relentless Accumulating to Continue almost indefinitely.

        Strong Buy, Strong Hold and Strong Hands.

        Vngumm

        Sentiment: Strong Buy

 
GSS
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