More from Jim Sinclair:

It is all over. Gold is going to and through $1650.

The people who know it has hit the fan are the OTC derivative manufacturers and distributors. They are the buyers of gold in huge tonne chucks in the cash market.

QE to infinity is absolutely in the cards.

Yesterday I emailed all of you who are on the free JSMineset email list concerning the Kentucky RICO civil suits that speak clearly and directly to the fact that securitized (collateralized) debt on mortgages is a can of worms with many mortgages having no paperwork, lost paperwork or papework that has been duplicated many times in many collateral debt instruments.

Goldman is now being sued over collateral debt obligations, those items I have referred to as without good collateral.

The you know what has hit the fan and Gold is being bought by the devils themselves. The ill gotten gains of OTC derivatives are taking cash gold from producers and markets by the tonne.

Gold is going right through $1650, an opinion I have held publicly for more than 8 years, on or before January 14th, 2011

This can easily put gold up in excess of $100 in a day. I have seen gold rise $150 in a day for much less in 1980.

The key element here is that securitized collateralized debt has little good collateral. This is what the emergency meeting at the New York Fed in 2008 was all about.

I have told you about that meeting multiple times since 2008.

This is the greatest fraud in the history of man. The you know what has hit the fan.

Watch video explanation.

http://www.youtube.com/watch?v=ruEeuskrAE0&feature=player_embedded