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XMFSinchiruna (27.35)

1,000 Lashes for Washington's Debt Deal

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August 02, 2011 – Comments (10)

1,000 Lashes for Washington's Debt Deal

Thoughts? Feedback? Thanks! :)

By the way, gold expert Jim Sinclair has just been earned 100% vindication of his perspective and analysis throughout this multi-year bull market.

He made the call publicly for $1,650 in 2001 ... yes, 2001! He said it would happen by mid-January 2011. He was off by 6 months with a gold forecast that looked a decade into the future.

http://www.fool.com/investing/international/2009/05/21/please-dont-shoot-the-messengers.aspx

He suffered limitless ridicule from "mainstream" periodicals, analysts, and economists for his prediction, but he never wavered.

His is an example every gold investors can learn from.

Sinch

10 Comments – Post Your Own

#1) On August 02, 2011 at 4:24 PM, SN3165 (< 20) wrote:

Gold $1,650, but The stocks still lagging big time...

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#2) On August 02, 2011 at 4:30 PM, Jbay76 (< 20) wrote:

SN3165

Not all of them, Aurico and Sandstorm seem to be doing well, though I have to admit the silver miners on my radar are faring much better.:D

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#3) On August 02, 2011 at 5:07 PM, Frankydontfailme (27.20) wrote:

Most of my gold stocks are up today. Especially nice with the market down so much. Thanks Sinch!

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#4) On August 02, 2011 at 5:36 PM, XMFSinchiruna (27.35) wrote:

I had a huge pop in my Alexandria stake today, but yes, on the whole, the stocks are lagging big time.

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#5) On August 02, 2011 at 6:10 PM, workfor (< 20) wrote:

Congratulations to "Mr. gold" Jim Sinclair, and we should wish him huge success with his gold mining company (TRE) Tanzania royalty trust. When this new company becomes profitable, he intends to be the first gold company to pay out dividends to shareholders in physical gold :-)

Like other mining stocks, TRE is being is being shorted to a point of rediculously low valuation. However  Mr. Sinclair understands the huge earnings these companies will achieve at current bullion prices or higher, and the eventual explosion to come in mining share prices when the market finally comes to grips that higher metal prices are here to stay. The shorts will pay a heavy price indeed! 

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#6) On August 02, 2011 at 7:41 PM, EvilEmpire (29.54) wrote:

TRE is being shorted at a ridiculously low valuation? How so? It is one of the most overvalued gold stocks that I have ever seen. I know penny stocks with 1/10th the market cap of TRE with more or equivalent 43-101 gold resources. 

TRE is being shorted because it has a ridiculously high valuation. 

By the way, the correct ticker is TRX. 

  

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#7) On August 02, 2011 at 9:20 PM, SN3165 (< 20) wrote:

Don't get me wrong, I'm still long the stocks, will be patient, just can't believe my eyes at some of these things. Brigus still at 1.70, for example. I bought some more today...

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#8) On August 02, 2011 at 11:06 PM, HarryCarysGhost (99.69) wrote:

Are we using the Cat O' Nines or a wet noodle for those lashes?

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#9) On August 03, 2011 at 8:30 AM, workfor (< 20) wrote:

With gold litterally laying on top of the ground, some measure of success is already priced into Tanzania.

The ticker appears to have been changed by the company from TRE to TRX.

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#10) On August 03, 2011 at 9:43 AM, Raambo20 (< 20) wrote:

I believe most people pushing up the price of gold and silver are seeking a safe haven. The stocks, especially the juniors are seen as the opposite of that, just as risky and speculative as the general stock market (which has been selling off) if not more. It is very frustrating especially for me as I am many select juniors.

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