Jim Sinclair's Countdown To Dollar Implosion

jeff3456098(nobrains)987 said
The 3rd quarter numbers will not be out until mid Oct. But I suspect that both the stock and commodities markets are in for a fall this Fall. The net result should be a rush to treasuries (and perhaps oil) and a dollar rally. I don't expect good 1st quarter numbers either, and a high spot price of metals today are certainly not going to help jewelry sales this Dec.You bad_karma will be proven wrong again. The strongest indicator for a sustained metals rally is oil, still under $70. So until oil moves up above $100 a barrel, I doubt this seasonal metals rally is sustainable. In short bad_karma, if i want a history lesson I'll ask for it. Your predictions always have two things in common, they are based on hype and always wrong.

well jeffry here is your chance to explain why you were wrong and I was right again... oil 80.00 per barrel.. gold sets all time hight today at around 1175.00..... give it up dude.. you don't have a clue.

A prudent man foresees the difficulties ahead and prepares for them; the simpleton goes blindly on and suffers the consequences. Proverbs 22:3
Matthew 10:34 Think not that I am come to
send peace on earth: I came not to send peace,
but a sword.

also oil corrected down to 35.00 per barrel.. it has now gained 35.00 to the 70 mark.. so much for deflation.

A prudent man foresees the difficulties ahead and prepares for them; the simpleton goes blindly on and suffers the consequences. Proverbs 22:3

you love to put words in peoples mouths.... I presented articles that talked about the things you are claiming I said.. now as far as predictions.. where did you say interest rates were going to be last fall/winter? where are they now? now go look at your gold set for a fall post.. gold was at 640 then.. where is it today?? now with this post.. the dollar was at .79/.80.... where is it right now? 76.40... so who is wrong and who's right... lmao. what you fail to see is 2 or 3 years into the future.
If I were you . I would go back and read everything Ted Butler has said about silver... the Chinese are now telling their people to buy.. that will put huge pressure on the supplies that exist which are about 1/6 of an ounce for every humanbeing on the planet.. only 1 ounce of gold for every
person on the face of the earth.. now lets revisit what China said about defaulting on the derivatives.. What they said is.. if the derivative was sold to them and full truth or disclosure about the derivative product was not told to them at the time it was sold, then they have the right to not make good on that derivative.. China is the largest or one of the largest shorts on silver.. they know what is coming.. now they are trying to wiggle out.. the shorts are going to be caught and those who listened and bought physical silver will be RICH.....stay tuned my uninformed friend.. stay tuned.

A prudent man foresees the difficulties ahead and prepares for them; the simpleton goes blindly on and suffers the consequences. Proverbs 22:3

I also took Jim Sinclairs Advice and bought when gold was at 400 500 600 700 and 800 as well. You would think that I would learn by now.

i'm a silver fear monger.
( {; >{|) }

UPDATE.... 11/23/09 SEEMS zerohedge was wrong too... lol!

A prudent man foresees the difficulties ahead and prepares for them; the simpleton goes blindly on and suffers the consequences. Proverbs 22:3
Matthew 10:34 Think not that I am come to
send peace on earth: I came not to send peace,
but a sword.

My response was a trap. Deflation is a contraction of the money supply not falling prices. I don't see anything that says that the supply of money is contracting. The AMB has been flat, but volatile of late, bouncing between 1600 and 1800 billion dollars, but this is after Bernanke doubled it in a month.

Inflation of the type we are talking about is one borne of distrust of a currency and, by extension, its issuing government. Has anyone (including Mish) read anything from anyone connected with this administration that would lead them to believe that they will pursue policies which will increase our confidence in their stewardship of the US Dollar?

I know, the silence is deafening. Therefore, being bearing on gold is silly. Mish and Karl Denninger do not understand that loss of purchasing power through cheap credit is not a contraction of the money supply. It is a contraction of potential money. Not money itself. Meanwhile, money is being created constantly through QE to keep the governments running, the banks 'capitalized' and our creditors interest payments up to date.

A good question to ask is the one that Bob Murphy of LRC keeps asking.... Why is it that Bernanke stuffed the banks full of reserves and is paying interest on those excess reserves held with the FED if he publicly wants them to lend the money into the economy?

Maybe because he really doesn't? And is trying to further consolidate the banking industry by propping up the politically-connected zombies while the FDIC asks the tax-payers to take the loss while they scoop up the good assets from the smaller banks which go 'bust' every Friday afternoon. You know, the same way they consolidated the banking industry in the last Great Depression.

Ta,

lmfao.... rotff..... will you get anything right??

China may buy up to 50 bln dlr in IMF bonds: report

China's ICBC to buy 70 pct of BEA's Canadian arm
The Industrial and Commercial Bank of China (ICBC), the country's largest lender by total assets, has announced a deal to acquire 70 percent of Bank of East Asia's Canadian unit for 73 million dollars. Bank of East Asia (BEA) will have the option to sell the remaining 30 percent stake to ICBC one year after the transaction is completed, the Chinese bank said in a statement posted on its website Wednesday. Separately, BEA will buy from ICBC 75 percent of ICEA, a joint venture between the two banks, for 48 million dollars, therefore making it a wholly owned subsidiary of the Hong Kong lender, according to the statement. "The acquisition of 70-percent interest in BEA Canada will enable ICBC to establish its banking business and customer base in Canada, which will provide a strong platform to further expand our businesses and network across North America," ICBC chairman Jiang Jianqing said in the statement. "At the same time, the sale of ICEA will help streamline our organisational structure and business integration in Hong Kong by allowing full resource dedication on our Hong Kong investment banking business," he said. The deals are pending approval from regulators in China, Hong Kong and Canada, the statement added. Beijing-based ICBC has been active in its overseas acquisitions since it purchased controlling stakes in Indonesia's Halim Bank in December 2006 and Macau's Seng Heng Bank in August 2007. Last year, it acquired a 20-percent stake in South Africa's Standard Bank, the largest lender in Africa. State media reported last month that ICBC was eyeing more foreign targets, including troubled US banks, and could make more acquisitions later this year.
by Staff Writers
Beijing (AFP) June 5, 2009
China said Friday it could invest up to 50 billion dollars in the International Monetary Fund's first-ever bonds, state media reported, in yet another sign of the nation's growing financial muscle.
"If the IMF bonds meet our requirements in terms of safety and return on investment, we will actively consider buying up to 50 billion dollars of bonds," an unnamed official said, according to the Xinhua news agency.

"China has consistently worked to further the Fund's attempts to boost its financing via the market," said the official from China's State Administration of Foreign Exchange.

The 185-nation IMF is struggling to provide financing to countries in trouble amid the global financial and economic crisis.

It has been working to issue its very first bonds, and major developing economies such as Brazil, Russia, India and China -- known collectively as the BRIC countries -- are seen as potential buyers.

The IMF said last week that Russia intended to buy up to 10 billion dollars in the multilateral institution's bonds.

China's forex reserves are the largest in the world and currently stand at about 1.9 trillion dollars.

"China may actually have wanted to buy even more but the IMF did not necessarily want China to buy more at this stage," said Chen Xingdong, chief China economist with BNP Paribas in Beijing.

"Whether you like it or not, it's difficult to change the structure of investments for its massive forex reserves in short term. There are not many options better than the US Treasuries, but IMF debt is a good alternative."

It had been rumoured for several months that China could make a major contribution to the IMF.

In April, British Prime Minister Gordon Brown told reporters that China had pledged 40 billion dollars to international financial institutions, Xinhua reported earlier.

http://www.terradaily.com/reports/China_may_buy_up_to_50_bln...

Russia announced Wednesday that it plans to sell some of its $140 billion in treasury bonds in order to invest $10 billion in the new imf bond. China said it plans to buy up to $50 billion worth of the new bonds. India and Brazil also said they will buy imf bonds

http://www.thetrumpet.com/?q=6249.4698.0.0

I keep telling you guys.. Would you want to loose American buying power ? Right now it's worth more than gold.
This IS the only reason the FED keeps going.
Good people do Good deeds
and are no respecter of person