Jim Sinclair: Stand and Deliver or Go Home, The Rallying Cry Of Gold Longs

standIn the wake of his epic $50,000/oz gold call Friday, Jim Sinclair sent an email alert to subscribers over the weekend calling for paper longs to stand for physical delivery of gold, and stating that the current physical demand for gold threatens to completely destroy the fractional gold system.
Sinclair states that the recent $200 take-down in the gold price will ultimately result in damage to the gold banks, and not to gold bullion itself.

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.

Sinclair’s full alert is below:

 

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From Jim Sinclair:

There is no question except in the mind of the deranged bashers that the physical demand for gold threatened the fractional gold system to which a Fed sponsored raid took place. What they are missing is that it is not price that threatens the fractional gold system but rather demand at any price. It does not matter if the demand for physical is at $1350 or $3500, it upsets the system.

 

What will happen now as gold bottoms due to Chinese and Russian physical demand, most likely at $1350? The gold price goes into recovery, margins rise on the futures market and we go directly back in the total inability to deliver, once more threatening the system. Physical gold premiums will continue to rise above even the physical market for gold.

 

The damage done by the gold banks in time will be seen to be damage to themselves and not to gold.

 

People are sick of being fed fraud every day. There is a revolution coming in money only accelerated by the recent illegal market activity hiding in plain sight. The assumption that the entire world is as dumb as the sheeple of the West will be proven to be what it is – absurd.

 

This call to action made by Trader Dan, I believe four years ago, is the ultimate answer to the manipulators of gold from the floors of the exchanges to the halls of monetary ivy.

 

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

 

The FreeGold camp has it nailed when they say the trend is away from paper gold to physical. Once gold is free of paper then its price will exceed all expectations in cash physical. On this point they will get no argument from me and I believe even Trader Dan will agree.

 

Respectfully,
Jim

 

 

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Comments

  1. Mr. Sinclair says paper will all now fail, and gold will become cash market only….and will snap free of its shackles….going to $50k.
    I agree.  But he still refuses to apply this logic to silver….and it is this logic, inconsistently misapplied, which keeps me from really taking him seriously.
    Free Golders talk of a gold to silver ratio reaching into the 1000′s to 1. 
    Either totally delusional, or totally bankster shill….those Free Golders.

    • Have you read the Gold Trail or FOFOA?

    • But what applies to gold, also applies to silver. The fact that Jim won’t discuss silver, just says either that he is a buffoon, or that this omission is a misinformation ploy. He is in the right ‘family’ for misinformation ploys. And, it is widely believed that silver is the Achilles’ heel of the whole house of cards.

    • FreeGoldMonkey…Agreed. FOFOA is a great read for those ready for the deep dive.  I think the reason FOFOA never really addresses silver is because ANOTHER never really did.  That may be because ANOTHER’s postings were before the silver story really came out.  What say you?

      Chief…The path to free gold is not a straight line.  Silver will see its day in that journey.  But, in the end it will be a gold story as central banks and governments, save for China, are accumulating gold not silver. Sinclair fully understands it all. He chooses to focus on gold in his message to the public. However, I know it is often opined that silver is the Achilles’ heel of the whole house of cards. I wouldn’t be so certain. TPTB could let silver go. Declare a force majuere. Result could be people flood out of GLD and the GLD gold hits the market driving down the gold price. A bit counter-intuitive I know, but that’s how the markets have been acting as of late.

    • Here’s what will happen if everyone stands for delivery…
      http://youtu.be/rcnhF09QN78
      Rinse and repeat.

    • Here’s a slightly longer version…
      http://youtu.be/iRzr1QU6K1o
      Net, net, PM investors will be branded as speculators and vilans. 

    • Yes, silver is the main fear for all bankers. They can quickly get gold at any time from the reserves of central banks.
      But they can not the quickly get silver anywhere in the world.

  2. US Mint reported 681,000 ASEs sold for today … approximately $16M of bullion when ignoring the minting premium.
    7500 AGEs sold, approximately $10 million in gold pulled off the market permanently.

  3. would you happen to know if the numbers on the Mint site = delivered products only or if it also includes orders taken but not fulfilled?  thanks!

    • @ShortStack
      My understanding of the reporting process for the mint is that they only publish numbers after receiving funds, locking price at the London AM fix, and committing to delivery for a certain quantity.  The amounts reported are not delivered on the day published.  I suppose the Mint could, in theory, not commit orders until they actually have the coins pressed and monster boxes on the loading dock.    I can’t tell you this is the exact system they use, but I’m pretty certain its close.
       

  4. looking at the silver gold ratio this month on the mint site outs the information as bull sh1t. there is no doubt they are lying about silver deliveries.
     
    that being said, retail supply is so low, yet the futures still dictate the price. can the system just break already before our prognosticators lose the rest of their credibility thanks to the criminals in the govt, regulatory bodies and banksters.

    • Hi CD  :)
      Quote: “can the system just break already before our prognosticators lose the rest of their credibility thanks to the criminals in the govt, regulatory bodies and banksters.”
       
      In my opinion, you are offering these prognosticators an easy way out, blaming it on others such as banking criminals, etc. Too many of these people are losing their credibility due to their own words and lack of ability to see any other side than their insistent mantra’s and often pure hype, which after awhile appears to be little more than marketing hype, pure and simple. They tear apart anyone who will not agree with their views, and when they are proven wrong, they demean those that appear at this time, to be accurate. This is a reflection of their ego and competitiveness. Too many are dirtying up the PM waters with their constant drama, empty guarantees, and their own brand of manipulation, the very thing they accuse others of. For years several have called for the default of COMEX, LBMA, etc., just recently once again, “it should happen within days maybe weeks”…they use fear exactly as intended because it works.
       
      PM market needs none of it, other than for sales. PM’s are a valuable thing to store indeed, many prudent uses and indeed we have a dying system. Nothing else needs attached in order to understand why we buy PM’s. To blame their failure on anyone but themselves is a cop out in my opinion. We are all responsible for what we say and promote, some of these guys are showing desperation because their own mouths have put some of them into a corner with those that followed them. This is changing, fortunately. Each is responsible for their decisions, each is responsible for their words and how they market themselves. So far, over the last 3 or 4 years, many of them have lost much credibility. It is their own fault. Too many competing for the attention of a few. It is bound to become one confusing mess *if* one listens to them. It breeds confusion and often paranoia and fear, exactly what some of them intend and i personally do not have any desire to eat of their dainties. I know why I buy PM’s, and it is not a decision based upon anything these guys say, it is based upon insane monetary policy that will sooner or later come home to roost. We need no hype.
       
      Have a good evening :)
      Jim

    • CD…Have patient.  Titanic did not sink in a minute.  Major turnings take time.  World economy will be a different place by 2020.  Mathematics of a the credit based economy demands it.

    • “Mathematics of a the credit based economy demands it.”
       
      I agree and suggest that many things that are so often mistaken for politics are actually mathematics.  Once this is understood, we will see many changes; more often than not for the better, IMO.

  5. Just read Jimmy Joe Sinclair’s biography. Interesting part about his mother. Apparently she was a good woman.
    The odd part was when she rocked Jimmy Joe to sleep, that she used 10 pound rocks. Imagine that.

  6. Jimmy Boy unofficially lost his mind, few weeks ago, he says gold to around $4900, now he says gold to $50k … I truly think someone should take this dudde for a visit at the hospital

  7. Matter of time, those who are weak will sell out to the scum bankers and give them what they want.

  8. Those who criticize Sinclair should consider that he IS an expert in the gold market but not in the silver market.  He chooses not to mention silver for the most part because he is not an expert in that market and is well aware of that.  Clearly, gold and silver are linked as PMs and as former monetary metals.  What affects one WILL affect the other.  

  9. KRAMER and SINCLAIR both have something in common…you can decide for yourself what that might be.
    If I see another EMAIL ALERT I’ll puke.

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