Jim Sinclair notified his subscribers today that the Fed is about to follow in China and the ECB’s Quantitative Easing footsteps with UNLIMITED QE, and that GOLD IS HEADED TO $3,500 HERE AND NOW!!!
If gold reaches $3,500 on this move, expect silver to EASILY CLEAR $100/OZ!!! Better hope you are on this PHYSICAL TRAIN BEFORE IT LEAVES THE STATION!!
As our friends at Silver Doctors correctly note, 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.
Jim writes: 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. (more)