Re: sitting bull
in response to
by
posted on
Aug 14, 2009 10:27PM
Creating value through Exploration and Development in the Sierra Madre of Mexico
I'm still here, and here's some interesting stuff: Jim Sinclair gives us 84 days until hyperinflation, that's somewhere around the beginning of November. Arch Crawford puts the blast off date for gold at October 16th. John Rubino, Harry Schultz and Bob Chapman are talking about an "event", a dollar devaluation that is coming in this same time window. I think we are very close.
I think the Chinese have just about had it with everything that we are doing. They've got so much money in the game that they are willing to hope against hope that Obama and his crew of well meaning central planners are going to come up with something. And what are they doing, Obama and crew?
Perhaps the most appropriate answer can be demonstrated by something my father pointed out to me many years ago. We were at a high school football game. The team losing was down by three touchdowns and there were less than ten seconds left on the clock. The coach called a timeout and huddled with his players over on the sidelines scribbling something frantically on his handheld chalkboard. (This was before whiteboards.) My father turned to me and said, "Do you know what that coach is doing right now?" I expressed to him that I didn't. The answer: "He's working on the 21 point play." Exactly.
That's what Obama and crew are doing right now. Down by 6 touchdowns, with 5 seconds left, they are working on the 42 point play, and the Chinese are just hoping maybe they might come up with it. I have news for the Chinese: They aren't. The question now is: Will the Chinese let the U.S. devalue first to to try and save some of the function of the real estate market. (Remember: a 50% devaluation doubles the price of every house, but keeps the loan amounts (debts) the same, so people will be less inclined to walk away from their properties) OR will the Chinese fire first and dump their dollars and cause a more unpredictable form of inflation (dollar devaluation).
Sinclair believes very strongly that all is about to fall apart in about 85 days. I am a firm believer that Sinclair is somewhat of a market intuitive. I don't think he operates entirely on logic, but has access to something else. He's too good. If you don't believe that such people exist then tell me how the heck MacArthur knew the North Koreans wouldn't be there at Inchon?
Anyway, I wouldn't bet against Sinclair. Jim Willie, off course has been picking up on all this and is looking towards this October/November time window also. When gold starts going, many important Kimber announcements will soon follow, I can assure you. Would you be out selling surf boards when the sea is dead calm? The people at Kimber are some of the smartest out there. They want the stock to go as much as you and I. But no man bend the ocean's tides to his personal will.
If you don't know what to read during these times, I would suggest you read and reread the first 5 books or so of Isaiah. It's all in there, everything you need to know about what is going on. Bull