Gold is just the beginning of the deceit and pilfering according to the Golden Jackass…
Bill: Permission to Drop?
SGT: Roger That.
Bill: Direct Hit, Target Destroyed.
Legendary gold trader Jim Sinclair has sent an email alert to subscribers today stating that the Bundesbank’s announcement that they will repatriate 300 tons of gold from the NY Fed and 374 tons from the Bank of Paris is in direct response to outgoing Treasury Secretary Timothy Geithner’s take-down of gold at $1800 in October via the ESF.
Sinclair states that a Central Bank would not insult another major central bank unless it is an act of financial war, and that a full blown financial gold war is coming as soon as 2015-2017.
Sinclair also states that Geithner’s parting shot to break gold’s back by the Exchange Stabilization Fund was considered a direct attack on the Euro strategy for what the end game recovery will look like. The Free Gold thesis requires significantly higher gold prices to work and to elevate the euro back in reserve by choice category.
Have we seen the initial shot in a full blown global currency war?
Sinclair’s full alert is below:
The legendary Jim Sinclair has sent an email alert to subscribers regarding the blatant gold and silver manipulation in the wake of Wednesday’s QE4 announcement. Sinclair states that the Fed via Goldman has been capping gold in the $1700’s for months via the ESF, but that the Fed’s capping of the gold market via paper will fail spectacularly as Eastern physical gold demand overwhelms the paper manipulators and drives the price of gold well north of $3,500/oz.
Sinclair’s full MUST READ alert is below: