With gold and silver continuing their strong short-covering rallies, gold expert Jim Sinclair sent an email alert to subscribers this weekend, warning that a major game changer for the US dollar is at hand, and advising CIGA’s to: Close that new gold swap you have, buy your full of bullion position back as bullion gold and double it in the next few weeks.
Sinclair’s full alert is below:
From Jim Sinclair:
What a mess Western inspired and conducted “Arab Spring” has brought on US interests.
China using the Northern Passage for shipping with the USA having no effective ice breakers is a major trade game changer.
Every weakness the West has economically and politically is being utilized to bring the BRICS into a position to float the new BRICs “Euro R4 standard currency.”
Gold is for saving, Mr. Paulson, not the Big Kahuna speculation. Fiat currency is for transactions. Close that new gold swap you have, buy your full of bullion position back as bullion gold and double it in the next few weeks.
It will be the last chance you all have to buy physical gold at anything near these discounted gold prices.
Putin acts in support of Egyptian military
DEBKAfile August 17, 2013, 6:54 PM
Russian President Vladimir Putin called an extraordinary session at the Kremlin Saturday to “discuss the situation in Egypt and take the necessary steps to the put Russian military facilities at the Egyptian military’s disposal,” said an announcement in Moscow, without elaborating. Putin said further that “Russia will arrange for joint military exercises with the Egyptian army.” DEBKAfile: Moscow’s steps directly conflict with Western condemnation of the Egyptian military’s crackdown on the Muslim Brotherhood. They were taken shortly after President Barack Obama cancelled a joint military exercise with Egypt as a mark of US disapproval.