Subscribe for 12 months with recurring billing - $199

Buy 12 months of subscription time - $199

 

Search Silver Prices
Silver Price
[Most Recent Quotes from www.kitco.com] Our RSS Feed

Silver Updates by Mail

Enter your email address:

Follow Us on Twitter
« SK Option Trader Passes 500% Return Since Inception | Main | Apple Incorporated or Silver Wheaton Corporation? Updated 20 Sep 2012 »
Thursday
Sep202012

Economic Effects Of QE3 Will Soon Enter The Markets

This is a short update from Jim Sinclair  always worth a read, in our humble opinion. Don't forget that you can also visit his website and sign-up for his free newsletter as you read as widely as you possibly can.

  

Jim Sinclair

My Dear Extended Family,

Everyone has an opinion of QE3. Almost all are wrong.

What has taken place here in its size, and in an almost simultaneous international unified approach has no precedent in economic history.

QE1 and QE2 were not failures. Do you have any idea what the world would have looked like if every major bank in the Western financial world broke?

It is easy to be a naysayer and say let the banks go broke, but you have no idea how hard it would have hit you and yours and maybe gold and silver. This is not to say that Debt Monetization, which QE represents, is correct, but it was the only tool available to central banks that would create infinite cash for the Fed and Treasury to use in a totally discretionary manner. Governments, because of the size of their debt, were incapable of applying the better tool for reviving economic activity, which is fiscal stimulation. One thing for certain is the infrastructure of the USA is collapsing in front of your eyes. Dar es Salaam airport looks better on approach than JFK. Dubai is beyond description. Roads from the Beijing airport are brand new. The USA infrastructure is disgraceful for a major power. New York City roads look like "Mad Max and the Day After." However when you are the major debtor nation fiscal stimulation is simply not possible. It will not happen because it cannot happen.

Please stop listening to those that tell you QE will have no effect. They are "Ignorant to Infinity." QE3 is going to have an unprecedented effect, as it is now simultaneous and global in scope.

Please make note of all the governments that screamed at the Fed for the use of QE1 and QE2 that are now applying QE to infinity.

There will be no QE4 because QE3 is going to go on continually with a month or two off now and then. Please recognize that it is hard for markets to discount what they do not believe in and therefore by definition do not anticipate.

Know within 90 days the economic effects of QE3 will be entering markets for money and therefore the markets for gold, silver, and most certainly the dollar.

Gold is going to at least $3500. Silver will certainly perform well also. The real support for the US dollar is .7200 on the USDX and it will trade there. The euro will trade at $1.35 and $1.40.

Ron McEwen of MUX fame said it correctly: "Patience is bitter; but the fruit is sweet!"

Respectfully,
Jim

Regarding www.skoptionstrading.com. We are pleased to inform you that we have now achieved more than a 500% return since inception.

If you wish to join a winning team then please become a subscriber via this link:

Our model portfolio is up 505.98% since inception

Our trading success rate is 91.30%

95 profitable trades out of 104.

An annualized return of 78.31%

An average return of 35.55% per trade

Our annual performance figures are as follows:

2009 We made a profit of 23.89%

2010 We made a profit of 158.66%

2011 We made a profit of 40.95%

In 2011 we outperformed:

S&P by 42%

HUI by 53%

Gold by 31%

Silver by 41%

The 2011 Annual Report by be accessed via this link.

Also many thanks to those of you who have already joined us and for the very kind words that you sent us regarding the service so far, we hope that we can continue to put a smile on your faces.

To stay updated on our market commentary, which gold stocks we are buying and why, please subscribe to The Gold Prices Newsletter, completely FREE of charge. Simply click here and enter your email address. Winners of the GoldDrivers Stock Picking Competition 2007  

If you are new to investment in the precious metals sector then you may wish to subscribe of our FREE newsletters regarding gold stockssilver stocks and uranium stocks, just click on the links and enter your email address. 

PrintView Printer Friendly Version

EmailEmail Article to Friend

Reader Comments (2)

You're an idiot.

The reckless debasement of the dollar has ruined this nation. Your profiting off of what now is and will certainly be great suffering for our entire nation as Americans, not to mention the rest of the world, is despicable.

So stop your bloviating pontificating over the value of PM's and get a real life.

September 21, 2012 | Unregistered CommenterStuffItWhereTheSunDontShine

This article is the view of Jim Sinclair who is highly respected in this industry. If you have been reading us for some time you will know that we do try and bring other peoples opinions to the table in order to get some balance into the debate.

We do agree with you that the debasement of the dollar is not the answer, but we are where we are and are powerless to change this process and so we try and protect ourselves by investing in gold and silver, as they can not be printed by any politicians.

Therefore we think it right to own gold and silver, if you disagree then please fire in your response and will of course publish it, even if you think that we are idiots.

Have a good one.

Bob K

September 22, 2012 | Registered CommenterSilver Prices

PostPost a New Comment

Enter your information below to add a new comment.

My response is on my own website »
Author Email (optional):
Author URL (optional):
Post:
 
Some HTML allowed: <a href="" title=""> <abbr title=""> <acronym title=""> <b> <blockquote cite=""> <code> <em> <i> <strike> <strong>