- About Jim Sinclair
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- Jim Sinclair is a precious metals and commodities specialist.
Some of the highlights of his nearly 50 year career include the founding
of Sinclair Group of Companies (1977), which offered full brokerage services.
Mr. Sinclair served as a Precious Metals Advisor to Hunt Oil and the Hunt
family for the liquidation of their silver position as a prerequisite for
the $1 billion loan arranged by the Chairman of the Federal Reserve, Paul
Volcker. He was also a General Partner and Member of the Executive Committee
of two New York Stock Exchange firms and President of Sinclair Global Clearing
Corporation and Global Arbitrage
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- He has authored numerous magazine articles and three
books dealing with a variety of investment subjects. He is a regular speaker
at various commodities related events.
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- In January 2003, Mr. Sinclair launched, "Jim Sinclairs
MineSet," which now hosts his gold commentary and is intended as a
free service to the gold community.
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- "Nothing will unnerve the paper gold shorts more
quickly and do more to undercut their confidence than to strip them of
the real metal and force them to come up with more hard gold bullion to
make good on deliveries. "Stand and Deliver or Go Home" should
be the rallying cry of the gold longs to the paper gold shorts." --Trader
Dan Norcini
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- Dear Comrades In Golden Arms,
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- I sent you a certain few emails that I consider to be
the most important communications issued in my career that started in 1958.
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- I am the son of what I know to have been the greatest
Lone Wolf trader in Wall Street history ever, Bertram J. Seligman. He was
a past master at his business and believed to be a market sensitive. I
apprenticed to him, learned from him and inherited some of his ability,
not all however.
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- From this background of experience understanding and
sensitivity the following flows.
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- The emails of note:
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- 1. Said, "This is it."
- 2. Said, "It is now."
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- This communication is to inform you as of 2/13/09, "It
is totally out of control." There is no longer any means of reversal
of the beginning of the final phase of the downward spiral now solidly
set in motion.
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- For your sake, protect yourselves immediately.
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- Be prepared for disruptions in distribution common to
hyperinflation.
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- 1. You should have already distanced yourself from your
financial agents. If you haven't you are headed for significant displeasure
and strain.
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- 2. Make sure you stay three months ahead on necessary
items that could experience distribution delays such as prescribed medicine
and preferred foods.
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- 3. Even though real estate is far from a buy, if you
can afford a second home outside of major cities it would serve a good
purpose.
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- 4. Own gold.
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- 5. Consider that good gold shares of non-US companies
incorporated in a non-US country operating in third country, traded on
multiple exchanges are a means of money expatriation legally and in broad
daylight if required.
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- 6. For currencies, all you can do is own a spread held
by a true custodial ship wherever that might be.
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- Simply said, as of Friday February 13th, 2009 the situation
is in confirmed "Out of Control" mode as this well engineered
downward spiral enters into a terminal phase.
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- The motive was profit and degree of the disintegration
caused in the pursuit of this goal was not anticipated.
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- The key event was when Lehman was flushed - all hell
broke loose. The hell cannot be contained in any practical manner.
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- I seek nothing of you but the protection of yourselves.
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- Respectfully yours,
- Jim
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