Jim Sinclair: Cartel Cap Will Fail As Eastern Cash Market Gold Demand Will Drive Gold Over $3500/oz!

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:

 

From Jim Sinclair:

Gold will trade at $3500 and above on its own merits with Eastern demand in the cash market being the engine of price.

 

The Fed via Goldman has capped gold in the paper market for months. They were so obvious between $1775 and $1800 that Petunia can call the strategy.

 

Goldman is, in all practical senses, the Exchange Stabilization Fund because ESF is only a brokerage account. There is no fund in terms of what one thinks a fund’s office should look like. Read the law.

 

The President or US Secretary of the Treasury may appoint ANY person or entity to act on their behalf as the manager of the Exchange Stabilization Fund. The Exchange Stabilization Fund has a broad mandate that allows it to trade many things including GOLD. The USA is not the center of the Gold price in the full valuation move into 1980.

 

Right now the geniuses in charge of the ESF are driving gold via the paper market directly into Eastern hands. There is much speculation about the amount of Gold the USA holds and its deliverability as much gold and silver was used in the Manhattan Project and no audit has ever been carried out.

 

The gold price will in the not too distant future go through the cap and that will take it to full valuation above $3500. If you’re speculating in gold in futures without at least 20 years of positive history and training as or under a professional you have a financial death wish.

 

If your reason for owning gold and silver is an exchange failure you are fundamentally challenged.

 

The volatility in gold and counter intuitive moves, thanks to Goldman as broker for the Exchange Stabilization fund investor, will migrate back to good gold shares with the real beef.

 

Respectfully,
Jim