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XMFSinchiruna (27.52)

Jim Sinclair Offers Flawless Fundamental Analysis of Gold, the USD, Oil, and the currency crisis

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May 13, 2009 – Comments (7)

I humbly request 17 minutes of your life. You are about to hear the final word in fundamental gold analysis from really the ultimate source... the same guy who was hired to liquidate the Hunt Brothers' market-cornering silver positionin the early 1980s, and the Chairman and CEO of Tanzanian Royalty Exploration (AMEX: TRE). Jim Sinclair has been sharing his analysis with the gold investing community since 2003 through his blog at jsmineset.com.

This is a Bloomberg interview of Jim Sinclair conducted by Tom Keene and Ken Pruitt on February 20, 2008:

Click here to listen to Jim’s Bloomberg interview…

Topics covered:

The significance of $1000 per ounce (reached again that date February 20) and initial discussion on fundamentals - inflation that will happen here is not an economic event but a currency event (at 2:09) - beginning to 2:40 minute mark

Gold is not an enemy of general equities - interventions are at once inflationary and supportive of confidence in business activity - at 2:40 minute mark to 3:21

Gold miners paid 20% dividends last time around - discussion of royalty format - at 3:21 to 4:54

USD Dollar - disconnect between dollar fundamentals and technical flows - at 4:55 to 5:44

Ditching commodity bull market speak for discrete analysis of each commodity... something I discussed back in May 2008 - at 5:44 to 

ETFs and critical accounting questions - prospectus may state that the metal gold may not acutally represent the gold held by the ETFs - look at amount of gold in all the ETFs, and purchases of such a scale were not noted in the physical markets given its tightness throughout the period - not purchased at an organized exchange - OTC derivatives in lieu of bullion! at 6:10 to 7:03

Differences between today and 1980 event - why the two events are not comparable - at 7:20 min mark to 8:40

Oil: Peak oil, and there is a tomorrow and there is a place called Asia. Called $30 bottom - at 8:40 to 9:09

Gold as currency, not a commodity - at 9:09 to 9:55 - confidence as measured in currencies.

Gold and economic confidence -at 9:55 to 11:10

Some new form of gold standard, the Volcker policies - at 11:40 to 13:15

Commodities - Commodities never go to zero - at 13:15 to 14:40

Sinclair on the markets (February 20) - moving into an emotional catharsis - links rally to reinstatement of the uptick rule - He ends with the quip: "Ask me a question, I'll tell you the truth" - at 14:40 to end

Click here to listen to Jim’s Bloomberg interview… from February 20, 2009

Please share your thoughts and reactions to this interview.

7 Comments – Post Your Own

#1) On May 13, 2009 at 8:03 PM, binve (< 20) wrote:

Sinch, Great! I saw this, I haven't listened to it yet, but it is on my to-do list tonight :) Thanks man!

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#2) On May 13, 2009 at 9:39 PM, RVAspeculator (30.51) wrote:

Thanks Sinch... 

I have been out of the gold market since I rode it up November 2008 - March 2009.  I did short gold at $1000 I hate to admit but covered that one a while back.  I can't stay short gold very long.  :)

I am watching for a close above $930.   If I get it I will be VERY long gold again.  We are getting very close.   Even if we fail here and go lower I do believe that the next breakout for gold is the REAL breakout...   Personally I don' t think it is going to break out right here and now and it might be a "late-2009" thing but if the charts tell me otherwise I will change my mind.  Stocks look to be rolling over and taking the dollar upward off the 82 level which could be a negative for gold in the short run.  

The next few days are KEY for gold in my opinion.

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#3) On May 14, 2009 at 12:14 AM, silverincite (38.63) wrote:

What does he say after apologizing at 5:20-5:23?

"my apologies, I didn't mean to be _______"

I remember listening to this on his site and wondering that. He goes over so much in this interview.. I have recommended it to people to give them an idea of where commodity prices are going. All the money being printed will turn up in commodities first since there will continue to be finite supplies for an ever growing world population. After posting his interview, he made a comment along the lines of Bloomberg not having him on again..

"Jim, I think we're going to leave it there, the tape is so nuts.."

now that is pure gold!

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#4) On May 14, 2009 at 9:59 AM, XMFSinchiruna (27.52) wrote:

RVAspeculator

The short-term movements that you are trying to time can not be times with the sort of confidence you're looking for. Technicals can give way to fundamentals, and to varying degrees, at the drop of a hat and in completely unpredictable ways. Timing gold is not a recipe for success, but I'm at least glad you see the bigger picture with the breakout coming. :) Consider yourself lucky that you shorted gold and didn't get creamed. Please, please, please let that be the last time you consider it.

silverincite

I think the word is "particular". He was apologizing to be polite, for pointing out the enormous distinction between the words devaluate and depreciate. 

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#5) On May 14, 2009 at 1:40 PM, RVAspeculator (30.51) wrote:

You can trade anything with a stop Sinch...   Don't let your fundamental beliefs keep you from making money on a trade.I was long a bunch of worthless banks up until 3 weeks ago.   Why?  Because they were going up...   I do prefer when my fundamental beliefs match my positions though and that is why I am hoping gold can close above $930.Gold is at 927.20 teasing me right now.   Push through 930.   You can do it.... 

 

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#6) On May 16, 2009 at 7:36 PM, RVAspeculator (30.51) wrote:

930.90 close on Friday....  

I didnt buy yet but it is looking like it WANTS to breakout.  We shall see in the coming days.  

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#7) On August 03, 2011 at 1:00 PM, silverminer (30.80) wrote:

Just noticed I mis-typed the date of the radio appearence linked above. That took place in 2009, not 2008.

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