All we need is the permit...the dollar will fall under its' own weight. C'mon Fungmeister do your thing!

Jim Sinclair’s Commentary

As violent moves take place both in rates (Lie-bor) and de-leveraged assets, currency value in today’s world reflects the short term currency demand and supply having nothing whatsoever to do with underlying fundamentals.

Dollar fundamentals are dire. Combine the facts that the largest denomination of reserves held by central banks previously having indicated a desire to diversify, and that dollar based institutions hold more OTC toxic derivatives than others, the dollar long term direction is DOWN.

What is taking place now is the crazy speculators in complex trades creating un-real prices in terms of trend, screwing up the world one more time.

Conclusion:

Since gold is the inverse of the US dollar and the dollar strength is purely from enormous money flows seeking to readjust their positions, it is quite short term. It could end as early as one minute from now.

When it does end, the dollar dives and gold roars.

Gold will trade at $1200 and at $1650.

Respectfully,
Jim