Jim Sinclair’s Commentary

The children who believe that no problem is ever a problem are about to find out we are in the middle of the Mother of all financial problems. You can measure in weeks the maximum time this act of nationalization become extremely gold positive and outrageously dollar negative.

Regardless of the Titanic intervention, you can anticipate gold is going first to $1200 and then to $1650. The US dollar will trade at .62 and then .52 on the USDX.

This is it and it is now.

Could the recent titanic gold and dollar intervention be calculated to get here in hopes that when the USA wakes up the rise might be muted? Now you know why the cash market for gold is tight, even though paper gold dropped hard.

Jim Rogers: How the Federal Reserve Will Fail and the One Sector Every Investor Should Be In
Keith Fitz-Gerald
Investment Director
Money Morning/The Money Map Report
Saturday, September 6th, 2008