"When this market finally lights up, it will set your hair on fire"

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Welcome to the Crystallex HUB on AGORACOM

Crystallex International Corporation is a Canadian-based gold company with a successful record of developing and operating gold mines in Venezuela and elsewhere in South America

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GWhatesmidgets

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"When this market finally lights up, it will set your hair on fire"

posted on Dec 26, 2009 06:56AM

...a rising gold tide will lift all boats...even KRY....no matter what Chavez does or doesn't do. It will also increase the value of any potential arbitration award (for example...think basis $2500 gold compared to whatever the gold price was when GRZ filed) and will incentivize the negotiation "process" while encouraging investment\financing of arbitration by well capitalized majors in need of reserves who may be betting on Hugo's exit from the political stage. Looks like Fung is going to shop us around as gold lifts our shareprice ever higher. Hmmm... .25.... .40 ..... .75...if I had my eye on taking out KRY, I might start developing a sense of urgency. A default on the COMEX would do wonders in this regard.

Jim Sinclair’s Commentary

Buying treasuries and agencies by the Fed is the ultimate example of QE to infinity.

Cap removal on agency debt is QE to Infinity.

QE to infinity guaranties gold at a minimum of $1650. Gold is going to and through $1224 then on to $1274-1278, after which it will set its sights on $1650.

I believe that Alf’s and Martin’s price objectives will be accomplished. The date upon which these prices occur will give us the best heads up on gold price intentions.

When this market finally lights up, it will set your hair on fire.

Who Is Buying All These US Treasuries (And Can They Keep It Up in 2010)?
24 DECEMBER 2009

“Almost no one but the Fed is buying Agency Debt.” ( Treasury Friday announced the removal of any cap on buying US Agency debt, Fannie and Freddie)

“Our concern now is that this is all starting to resemble one giant Ponzi scheme. We all know that the Fed has been active in the market for T-bills. As you can see from Table A, under the auspices of Quantitative Easing, they bought almost 50% of the new Treasury issues in Q2 and almost 30% in Q3.

“The Fed is printing dollars to buy Treasuries as a means of faking the Treasury’s ability to attract outside capital. If our research proves anything, it’s that the regular buyers of US debt are no longer buying, and it amazes us that the US can successfully issue a record number Treasuries in this environment without the slightest hiccup in the market.”