The following is a missive that we received from Jim Sinclair today, who is the host of a web site called Jim Sinclair's MineSet in our humble opinion its well worth the time spent on reading what he has to say. The above link will take to his site and his updates via email are free, so you have nothing to lose by signing up for them.
My Dear Extended Family,
QE to infinity is for certain. About that there is no question whatsoever. It cannot be avoided.
Operation twist is a damn joke stimulation wise. At this point in time it is a dark joke.
The Fed is playing with something worse than fire. That fire is posted in a video today on www.jsmineset.com. This video references a worldwide financial crisis that if it starts cannot be stopped by any power on the planet.
They are already easing up on the rhetoric. The Fed will downright panic as the world's economies go from slow to dropping out of sight. That is what is on the plate tonight, this night, right here and now.
Safety only exists in gold bullion and in the outrageously depressed good gold shares now shorted out of sight.
Fed Will Likely Weigh Rosengren's Call for Stimulus
By Joshua Zumbrun and Jeff Kearns - Jun 1, 2012 3:50 PM ET
Federal Reserve policy makers this month will consider joining Boston Fed President Eric Rosengren's call for renewed stimulus after a report today showed unemployment rose to 8.2 percent in May, economists said.
Rosengren said the Fed should further its full-employment mandate and extend beyond June a program known as Operation Twist, which lengthens the average duration of bonds on its balance sheet. He spoke before the Labor Department today said the U.S. added 69,000 jobs in May, the fewest in a year, pushing the yield on 10-year Treasury notes to a record low.
"The May report does significantly raise the odds of further easing from the Fed," said Dean Maki, chief U.S. economist at Barclays Plc in New York and a former Fed economist. "There will be a case made at the June meeting for easing."
By calling for new stimulus, Rosengren aligned with the view of Chicago Fed President Charles Evans. Any setback in the job market is also a chief concern of Chairman Ben S. Bernanke, who said in April the Fed may provide more accommodation should unemployment fail to make "sufficient progress towards its longer-run normal level." Fed policy makers plan to meet June 19-20.
Today's employment report "does change the game, certainly in terms of Operation Twist," said John Silvia, chief economist at Wells Fargo & Co. in Charlotte, North Carolina. "Because the slowdown in the economy has been fairly rapid compared to what they expected, they'll go ahead and extend Operation Twist."
Regarding www.skoptionstrading.com. 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%
Our trading success rate is 90.81%
89 profitable trades out of 98.
Our model portfolio is up 447.55% since inception
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
For those readers who are also interested in the silver bull market that is currently unfolding, you may want to subscribe to our Free Silver Prices Newsletter.
For those readers who are also interested in the nuclear power sector you may want to subscribe to our Free Uranium Stocks Newsletter, just click here.