This is a short missive from Jim Sinclair regarding the gold market which is 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.
My Dear Extended Family,
I will expand on this over the summer, but as an introduction:
1. Economics are not weekly and monthly statistics. It is comprised of motion and change that determines the trend.
2. The effect of economic actions is not a static amount, for example QE in some determined period of time, but rather an inescapable cumulative impact due to the rate of change. Each event of stimulation requires greater effort than the previous.
3. Economic activity is either increasing at an increasing rate or it is decelerating and an increasing rate. There are no Plateaus of Prosperity or Goldilocks Economics other than in the minds of spin doctors.
4. Debt has come home to be confronted here and now. There is no normal business means of accomplishing this.
The conclusion to be outlined in many ways over the summer is clearly the Western world finance is in deep trouble. QE to infinity is the only political tool that can kick the can. Gold will trade at and above $3500 regardless of all the previous attempts to manipulate it.
Cash market buyers will prevent all attempts to color gold otherwise.
Regarding www.skoptionstrading.com. We recently closed a trade involving the S&P which generated a profit of 25.61% and was opened just 8 days ago, the charts and stats have now been updated.
Our trading success rate is 91.00%
91 profitable trades out of 100.
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An annualized return of 81.15%
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2009 We made a profit of 23.89%
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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.
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