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