Jim Sinclair sent an email alert to subscribers Saturday, and stated that the recent decline in sales at Walmart exposes the fact that contrary to MSM MOPE, the US economy has flat-lined and expired.

Sinclair states that there is simply no other tool other than gold that can now repair the balance sheets of Western governments, and that readers’ main complaint will soon be that Sinclair’s call for $3,500 gold was much too conservative.

Sinclair’s full update is below:


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From Jim Sinclair:

QE to Infinity, followed by Gold balancing the balance sheets of the sovereign balance sheet disasters. Just as there is no tool other than QE to feign financial solvency, there is no tool to balance the balance sheet of the offending entities other than Gold. It is just that simple.

Gold will trade at $3500 and higher. Your complaint then will be that I was much too conservative in my price objective. The saying used to be “As goes Motors, so goes the USA,” which in their bankruptcy did prove true.

Now we have a hard to hide other statistical leader. “As goes Wal-Mart so goes the American Consumer.” Now add dropping revenue to an increase in the minimum wage, a majority of Wal-Mart’s salary cost. The camouflage created by MSM of this flat line recovery and the patient, the US economy, is exposed as expired.

Stop a few wars without creating new one (Mali) and the economic hole that will be created will be visible from Andromeda.

Wal-Mart Executives Sweat Slow February Start in E-Mails

By Renee Dudley – Feb 16, 2013 8:13 AM ET

Feb. 15 (Bloomberg) — Gigi Stone reports on today’s top stories. She speaks on Bloomberg Television’s “Taking Stock.” (Source: Bloomberg)

Wal-Mart and discounters such as Family Dollar Stores Inc. are bracing for a rise in the payroll tax to take a bigger bite from the paychecks of shoppers already dealing with elevated unemployment. The world’s largest retailer’s struggles come after executives expected a strong start to February because of the Super Bowl, milder weather and paycheck cycles, according to the minutes of a Feb. 1 officers meeting Bloomberg obtained.

Murray’s comments about February sales follow disappointing results from January, a month that Cameron Geiger, senior vice president of Wal-Mart U.S. Replenishment, said he was relieved to see end, according to a separate internal e-mail obtained by Bloomberg News.

“Have you ever had one of those weeks where your best- prepared plans weren’t good enough to accomplish everything you set out to do?” Geiger asked in a Feb. 1 e-mail to executives. “Well, we just had one of those weeks here at Walmart U.S. Where are all the customers? And where’s their money?”

Shares Fall

Wal-Mart fell 2.2 percent to $69.30 yesterday at the close in New York for the biggest decline since Dec. 12. The shares rose 12 percent in the 12 months through yesterday, compared with a 9.4 percent gain for the Dow Jones Industrial Average.

“As with any organization, we often see internal communications that are not entirely accurate, that lack the proper context and represent individual opinions,” David Tovar, a Wal-Mart spokesman, said in an interview, adding that the company will report fourth-quarter earnings on Feb. 21. Wal- Mart’s fourth quarter ends in January.

Murray declined to comment and Geiger didn’t return telephone and e-mail messages seeking comment.

Both executives attributed the performance to increased payroll taxes and delayed tax returns, which Geiger called “a potent one-two punch,” according to the e-mails.




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  1. I really like Mr Sinclair.  Much of what he has to say makes perfect sense.  But, he seems to be under a little stress lately.  He has called for gold to go to 3500 in the next 4 years.  That was just a little while ago.  Now he says that this is the last major gold raid before gold turns.  The turning point will be in March he says.  That is his birth month.  Now, he has a lot of contacts telling him things I am sure or he wouldn’t be saying this.  Then, just recently he said we should be “all in”.  All in?  I am puzzled at this.  That is a very irresponsible statement.  Mr Sinclair’s reputation will be riding on this prediction.  I for one will lose an enormous amount of respect for him if he is wrong.  He is going to hurt folks if he is wrong folks.  Why would he risk this?  Anyway, he has been doing a lot of hand holding, begging his followers to hang on.  We are going to hang those bastards.  I hope he is right on this call because being wrong is going to hurt him immensely.  

    • Maybe Sinclair just knows he’s converting part of his enormous gold stash to physical silver. That should do the thing we hope. He got famous by selling 900,000 ounces @ over $800 in the80’s. And if I remember right he’s done some with the recent bull, also.

    • Folks …..be very carefull in putting all your eggs in one basket …..this looks like a set up to crash the metals
      Jim is making some very irresponsible statements that could hurt you financially if they dont come true.
      Be carefull !

    • @Dy
      The crooks can play their paper games all they want, but in the end only ounces are counted. I think it’s about time you realize it too, bro. Look at the fundos! Nothing else makes sense. Something’s gotta give, soon. I have time, don’t worry. And I’m all in. Keep stackin’!

  2. Silver is going to and through $17,457.19/oz by November 7th, 2023. I am sorry, but my crystal ball only talks in silver priced in dollars. It has no way of telling what the underlying value of the dollars is on any given future date. I’ve ordered a crystal upgrade to V7.5 which is supposed to give me the value of silver in energy – still waiting for it. Lucky for me I haven’t paid for it yet. I’m considering paying in used Energizer D-cells. After all, it takes 25 times the energy contained in a D-cell to actually produce it, so even flat they should be worth a lot right?

  3. Walmart still stocks ammo but very limited types and nomore that 3 boxes per customer per day. Mostly shotgun rounds.  Walmart has benefited tremendously from the SNAP and EBT cards, with some stores offering full ranges of services and products to customers using these cards.   The payroll tax hike which was really a reduction of 2% on that tax, reduces  a $50,000 income earner by $1000 a year.  The increase restored the former tax rate charged to the tax payer.
    What’s $1,000 a year.   One month’s rent.  One month’s groceries.  6 months of gas for the car.  At $50,000 and a net after all taxes of maybe $40,000, $1,000 is a big deal  And the extra $1,000 a year will never be seen by the tax payer at retirement, maybe 25 years away.  The trust fund will be depleted by 2030, 17 years away.  Oh boy, someone call DC and tell them about this little math problem.

    • “Walmart has benefited tremendously from the SNAP and EBT cards, with some stores offering full ranges of services and products to customers using these cards.”
      Yep.  Still surprises me, though, that these cards have not been hacked, copied, and mass produced by some fast buck artists out there.
      “The payroll tax hike which was really a reduction of 2% on that tax…”
      Yet another reason why I am shickled titless about not being on a payroll anymore.  😀
      “What’s $1,000 a year. One month’s rent. One month’s groceries.”
      Rent I get but $1000 a month for FOOD?  Not happening here and wife and I eat pretty well.  Hmmm… family of 8 or so?
      “The trust fund will be depleted by 2030, 17 years away.”
      Yep.  But then, so will I.  😉
      “Oh boy, someone call DC and tell them about this little math problem.”
      Wouldn’t do a bit of good.  These guys know less about math than a dead gerbil.  Hell, they STILL think that inflation is low, the economy is improving, and US dollars will ALWAYS be good.  See… numbers are not their strong suit.

  4. Dear friends!
    Mr. Sinclair was in the middle east – company matters. Oil sheicks will do the parabolic rise. In the 80 was the same.
    In March – lift off. 4500 $ than correction 2500 – 3000, last stage 10.000$

    Every monkey in this thing..banksters included…traders included…just wants a huge profit. Nothing else. 10% PM in portfolio is quite enough – physical.
    All inn is nonsence. If I was “smart money” in 2000…?? Maybe..all inn..

    Good luck and personal health,

    – Domen


  5. Domen I can understand your ideas and philosophy about being all in. It’s not for everyone or for the faint of heart.
     Taking this status of the investment of precious metals is not always about profits.  For that matter, profits are usually down the scale of importance to a stacker. 
    Take my situation for instance.
    I’m ‘all in’ with about 95% of my net worth invested in gold and silver.  This was done not for the intention of a quick profit. My silver buy price average is about $33. Selling would yield a loss.  I would trade 5% of my stack to convert to cash for alternative investments like land or real estate that produces an income or crop but only if silver was well about my buy price. That’d be about 100% increase in price or more.
    That sale might be good to convert to FIAT for expenses as well but only if forced due to depletion of paper money. I keep a low 5 figure balance for business purposes.
      You probably know me more as a prepper but it’s more than just stocking the essentials.  I’m like many people on this site.  We see the world wide financial system sitting on a time bomb with a potential for major equity decline, inflation, devaluations or the system crash that we’ve seen in other countries.  The US could be hit hard and for no other reason that we are in the wrong place at the wrong time. No amount of government tap dancing would stop the problems from mushrooming beyond their control   We would be on our own. This crunch could be natural or man caused.
    Many people on this site are adept at paper trading and only retain 10-20% of net worth in PMs.   My paper trading abilities are suspect at best.  Owning precious metals forced me to evaluate my ways of retaining wealth while discipling my daily budgeting and keeping my finger away from the buy and sell button.
       Being out of paper markets and largely outside the banking system allows me to sleep well at night while removing us from the dangers mentioned above. I’m also a recovering banker so this step was a large one.
      Profit is about number four or 5 down the heirarchy of needs for stackers.   I would not be adverse to selling some silver or gold, or a trade of gold to silver if the price was right. But once executed, I’d be back into the hard asset market once the price dropped. 

  6. I am pozitive that Mr. Jim lead the game. He is smart. Parabolic phase comes. History is history. Bubble is a bubble. But I am pozitive that in this trading with this power and computers..BUBBLE must COMES…the greatest bubble in PM…
    All the best,

    • Domen, I underwrite everything AG12K states above, and also want to add to my behalf, that by being practically all-in silver and stackin’,  is firstly a political choice for me. Far ahead of investment. 
      But, speaking of Silver as an investment, you clearly haven’t got enough of it. That’s because once your stack grows over 50%, the world starts to look pretty different after it, sort of, everything just starts to make sense. Then you can stack some more.
      Luigi, Europe

  7. I have evaluatively scrutinized Jims statements for years.

    Through this I have gained enormous respect for his clear advanced comprehension, and skill of navigation in Gold Trading.

    For me, it usually doesn’t take that long to adapt to complex explanations and begin to keep afloat intellectually with the teacher, then swim even with the teacher conceptually  (Jim being the teacher here)

    Examples: David Morgan, Eric Sprott, Terrence McKenna, Peter shieff, Max Keiser, James Turk, Robert Kiyosaki, and countless others.

    Usually before long, speakers either discredit themselves irreversibly,

     Or clarify the idea, by elaborating on the subject, through explanations of variables, circumstances, motivations, behavioral characteristics, angles of perspective, driving forces, and many other factors…

    Some exceptions:

    Jim Sinclair, and Jim Willie, Andy Hoffman, come to mind.
    They are speaking from Mammoth amounts of  knowledge.

    The more I evaluate, the clearer it becomes, that this game has way more levels and players and dimensions and influences and history, then I currently grasp.

    Kinda like somebody showing me the depths of the Universe, inward or outward, from my angles of experience,

    And the further they go, the deeper it gets.

    When someone hands me a pare of glasses, and I can see more, then they increase the light, and again I can see more,
    then give me a magnifying glass, then a microscope, then show me the results of others who independently derived similar acknowledgements.
    Using different starting points, different methods, different maps, interpretations, etc…   

      Also instructing me how to check everybody’s work, and I do, diligently and skeptically, and I find no meaningfully inaccurate info.

    For me, It is humbling.
    Jim Sinclair is way, (emphasis on the way!) more knowledgeable then myself on matters pertaining to Gold Trading.

    He is a trustworthy source of info in my book.
    And I for one am glad we have him.

    He is openly against leverage trades, and advises us to be cautious,
    I question those who make comments like he’s gonna get a lot of people hurt.

    They seem like superficial thinkers, I can’t say for sure, because this would require a lot more info in order for me to have a better Idea of what I would be making judgements about, but at first glance…

    Although I find it hard to believe anyone misrepresenting a individuals intended message so distortedly, questionable!
    (which may or may not mean much, because I think everything is questionable.)

    A Huge reoccurring theme in Jim’s messages is, SIT TIGHT AND DO NOTHING.

    on Sarc/
    Now that I read Sit Tight AND DO NOTHING in black and white, I can see how that might be interpreted as reckless bet the house advise.
    off Sarc/

  8. Walmart depends on customers who have had their Tax Refunds delayed.  Filing couldn’t start until January 30, 2013.  Tax Refunds are running about 3 weeks later this year.  This has caused the big hiccup in Walmart.  IMO. cmg

  9. “Collapse in WalMart Sales Reveals US Recovery is Dead”
    On behalf of a LARGE number of my fellow investors out here, let me add that there was never ANY credible evidence that the so-called US Recovery was ever alive!  The US had a severe recession that began in the fall of 2007 and very nearly had a financial collapse in 2008.  At this time, we are STILL in the recession and none of the causes of the near-collapse of 2008 has actually been fixed.  In fact, our economic situation could be called a depression, since one definition of a depression is “a substantial loss of national productivity coupled with persistently high long term unemployment”.  Sounds familiar, doesn’t it?  
    What we have had is a great deal of TALK about a recovery but very little actual recovery.  Average American family take-home pay has been falling for 40+ months now and with only a couple of blips higher, such as in December of 2012, continues to decline. Tax receipts are also in decline and head lower each month, exacerbating the US national debt via additional borrowing.  This does not look like ANY previous recovery from a recession to me. There is no such thing as a “jobless recovery”.  ALL recoveries from recessions include substantial gains in employment and the income tax receipts therefrom.  Without these two things, there not only is no recovery but there simply cannot be one.
    The stock market has been inflated by trillions of fiat dollars coming off the presses in DC, given to the banks for next to nothing, and then invested in US Treasury bonds and various stocks, so people who have stock investments tend to “feel” richer now than they did a couple of years ago.  One look at a chart of the Dow 30 or the S&P 500 vs. gold or oil, however, will disabuse anyone of the notion that the market is “up”.  Compared to those worthy commodities, the market is down… significantly.  It is only when looking at the market indexes in floating fiat currency or when comparing one fiat currency to another that there seems to be “growth”.  Of course,  inflation is often mistaken for growth these days and Bernanke is just as guilty of that as many others, particularly in the US media.  
    Saying that the US economy “grew” by 2% in 2012 when inflation was clearly higher than that makes no sense to me at all.  John Williams of Shadow Government Statistics uses the US Government’s 1980s method for calculating the CPI and gets an inflation value of 9.4% for 2012.  At that same time, the Fed issues its calculation of inflation as being about 2.5%.  Note that BOTH of these figures are HIGHER than the purported US economic growth rate for 2012.  Perhaps economists have a different way of looking at this but to me, GROWTH is the amount by which production exceeds inflation.  Maybe I am being too simplistic here and just not up to the standards of excellence that the Fed employs.  OR… maybe they are just full of BS!  You choose.  🙂

  10. Ed B  I used a family of four, 365 days a year 3 meals a  day  and got some interesting results
    4,380 meals into $12,000  $2.75 per meal.  I was surprised that $12,000 would only go that far.  No meals out either. 
    that’s less than a Happy meal.  Food price crunches are really getting to the average family budget with prices today.  It has to be tough and stretching that budget requires some serious planning and couponing.  Two people?  maybe not so much  This will get worse this year but that’s another story

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