Jim Sinclair: GLOBALLY Coordinated ‘Sterilized QE is IMMINENT, Gold Heading to $3,500 NOW!

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)

Top 14 Reasons to Buy Silver

Foreclosure Crisis in America a Wall St Engineered Collapse ?

Triple Lutz Report #207 – $1700 Gold, and Stocking Up On Food

from FinancialSurvivalNet

Gold broke the key $1700 resistance point yesterday. We can’t emphasize enough how important this event is. For the past year, gold has been range bound, staying below its 200 moving average for many months. Well no longer, the metals have a number of seasonal factors pushing them higher as well as the well known fundamental economic reasons. So like we’ve said many times before, start stacking. And while we’re on the topic of stocking up, we have a new sponsor. Preparewise is a twenty year producer of emergency food supplies. We’re not encouraging you to become an ultra-prepper, but just remember the scenes from Katrina and keep in mind that there are 10′s of thousands of people on the Gulf Coast who still don’t have power, victims of Hurricane Isaac. It always pays to be prepared, regardless of what the media says.

Click Here to Listen to the Audio

A Year of Deflation Coming Up?

Being deeply in debt is like being grossly overweight. You’re carrying around this extra baggage that slows you down, and without continuous, conscious effort you tend to stop moving.

That’s the situation in which the world finds itself. The debts accumulated in the past couple of decades are weighing down the major economies, threatening to pull them back into recession if not countered by massive deficit spending and monetary ease. This, according to the following Bloomberg article, is causing prices to fall in most sectors: (more)

What Hedge Funds Are Now Doing In the Gold & Silver Markets

from KingWorldNews:

With gold breaking $1,700 and silver nearing the $33 level, today King World News spoke with acclaimed trader Dan Norcini to get his take on where we are in the gold and silver markets after this latest move. Norcini was quick to lay out the position of the hedge funds in both of these markets as they are seen as a key driver.

Here is what the acclaimed trader had to say about the gold market: “The record net short commercial position in gold, including options, has been 237,000 contracts. Currently the commercials are at 161,000 contracts net short. But the key here is that the hedge fund position is still relatively low by historic standards.

So there is still significant room for the hedge funds to push this gold market higher….”

Norcini continues @ KingWorldNews.com

Peter Schiff on Squawk Box Sept. 7, 2012