Jim Sinclair

[Rasta]

You really, really got to love this man. I mean, just read this piece, and comprehend he had the privilege of learning from one of the best. And Bert (Bertram) Seligman was one of the last of the Seligman line, the house of Seligman, a banking dynasty. Matching that of the house of the Phillip brothers, Lehman Brothers, Schiff, Guggenheim, etc. And, Bert was a long friend and business partner of Jesse Livermore, the best trader of all times. Highly recommended read on those banking dynasties is "Our Crowd": The Great Jewish Families of New York

JsMineset: Clarification on the Recent King World News Interview

Dear CIGAs,

In my interview with Eric King, I was asked what Bert would do in the middle of the conflicting information concerning the ISDA and the size of the situation. My answer was to go flat. You need to recall he was not an off the floor trader, but a market maker type specialist since the time he sat in the window of a gin mill hand signaling his partner trading on the outdoor Curb Exchange which became the American Stock Exchange. He was a businessman and not a gambler. When there was no clear definition of an event he would not accept risk. That does NOT mean sell gold.

In fact Bert held his core personal physical gold position taken in 1968 all the way until 1980. He never sold an ounce of his core position. If he was long or short something was more a matter of what time of day it was since he would be on the right side of his markets, whatever they did. The man traded like a master painted. I am ok, but I do not have his talent. It was rare and unique. It was more an art than a science. He was a born merchant.

Bert, when he retired, lived in Lugano, Switzerland and was a Swiss citizen. He was a guest of the UBS trading department, and spent his retirement trading still. UBS then was the true conservative Swiss banking institution of the grand old tradition. Bert also spoke the language.

One of the nine times he fired me, I asked him why. His answer was simple. He said; "We are in business to make money, not to lose it." It is hard to argue with that. Yes, we drove home together in silence, and ate dinner the same way. Mother was the peace maker. Add to this Mom was an Irish chef. It is no wonder why I still have acid reflux.

[Indiana Jones]

Dear Friend of GATA and Gold:

North America’s if not the world’s leading gold advocate — trader and mining entrepreneur Jim Sinclair — will speak at the spring dinner meeting of the Committee for Monetary Research and Education on Thursday, May 17, in New York City.

Sinclair, whose appearance at GATA’s Gold Rush 2011 conference in London last August was his first conference appearance in eight years, will join, among other speakers, monetary historian and GATA consultant Edwin Vieira and QB Asset Management partner Paul Brodsky, whose market commentaries often have been cited in these dispatches.

Also among the speakers will be Prince Michael of Liechtenstein, president of Industrie & Finanzkontor, a financial services company based in Vaduz, who is also founding president of the European Center of Austrian Economics Foundation and a renowned advocate of free markets.

The title of the speaking program is "Money and the Corporate State."

Your secretary/treasurer will be among the discussion moderators.

This CMRE meeting will be held again at the beautiful Union League Club in Manhattan, just a short walk south of Grand Central Station but still far enough north of the Federal Reserve Bank of New York to escape the stench. The club’s food and drink are always great. Admission will cost $175 for CMRE members and spouses and $185 for others.

The meeting’s agenda is posted here: http://www.gata.org/files/CMREAgenda-05-17-2012.doc

A reservations form is posted here: http://www.gata.org/files/CMREReservati ... 7-2012.doc

Inquiries may be directed to CMRE President Elizabeth Currier at CMRE@BellSouth.net.

This CMRE meeting is sure to be interesting and fun and your secretary/treasurer hopes to see many friends of GATA there.

CHRIS POWELL, Secretary/Treasurer
Gold Anti-Trust Action Committee Inc.

[Rasta]

Done in 2010, this is another great interview with Sinclair, where you .... got to love this man. The whole interview is a must listen in my opinion, but make sure to listen from [22:30] - [39:40] where Jim takes you back to the days when he was working with Bert Seligman. Discussing the dirty tricks to manipulate stocks (when manipulation was legal), discussing Jesse Livermore, and a couple of funny stories of Sinclair worth listening to.

mp3 interview - interview page

[Rasta]

Done in 2010, this is another great interview with Sinclair, where you .... got to love this man. The whole interview is a must listen in my opinion, but make sure to listen from [22:30] - [39:40] where Jim takes you back to the days when he was working with Bert Seligman. Discussing the dirty tricks to manipulate stocks (when manipulation was legal), discussing Jesse Livermore, and a couple of funny stories of Sinclair worth listening to.

mp3 interview - interview page

What Sinclair talked about in this interview, that the "crowd" is now totally corrupted, there are no Lehmans anymore in Lehman, there are no Goldman's in Goldman. The mindset is now to destroy, not to build. And to destroy till everyone is out at zero, not even at a penny.

Zerohedge: Ex-Goldman Exec Comes Clean On How A "Toxic And Destructive" Goldman "Rips Its Clients Off"

[Rasta]

King World News: Sinclair - Is the Fed Selling Europe’s Gold During Interventions

mp3 interview [15:23]

Jim Sinclair had predicted many European countries would want their gold back, which is being stored by the Fed in the US. This movement is beginning to take hold in Switzerland and Germany as well as other countries. When asked about his prediction beginning to take place, Sinclair responded, “It had to happen because we all ask ourselves the question, ‘Where does the gold come from on these attempts at intervention?’ Because it’s not simply paper gold, it’s also in the cash market. There is a concern that the gold that’s being used to intervene might not be our (US) gold.

Basically they (Germany, Switzerland and other countries) are now asking the question, where is the gold coming from? There are two possibilities, Fort Knox or the Federal Reserve seller, in the cash sense. Fort Knox, nobody knows what’s there.

Everybody knows what’s at the Fed, other people’s gold. The trend that we discussed a long time ago which is really turning into a modest torrent, is to take back gold. I mean the truth is what do the Germans need the Fed to store their gold for? Are they afraid France will invade? It doesn’t make any sense.”

[Indiana Jones]

You did it again Jim.

Your mining company was thrown out of the index because it wasn't interesting enough. Right now it's a strong performer enlarging volumes, even as gold is hammered down again.

http://bigcharts.marketwatch.com/quickc ... ow=&time=6

Invested 40% of my mining porfolio in TNX recently, after the share hit an almost c$ 2 ......................

[Adamus]

King World News: Sinclair - Is the Fed Selling Europe’s Gold During Interventions

mp3 interview [15:23].

Everybody knows what’s at the Fed, other people’s gold. The trend that we discussed a long time ago which is really turning into a modest torrent, is to take back gold. I mean the truth is what do the Germans need the Fed to store their gold for? Are they afraid France will invade? It doesn’t make any sense.”

In ieder geval olie op het vuur. Er blijven ook veel landen rustig. Die hebben misschien in het verleden bewust afstand gedaan. Nederland van 1700 ton in 1971 tot 60 ton nu. Ik heb vaak gehoord dat we van 'ons aardgas' de leuke dingen deden, maar er was blijkbaar meer te verfikken

[Rasta]

"Nuclear economic war", has started, by taking Iran out of the SWIFT system. But that will backfire as the US is dependent on selling of treasuries to the Iranian allies.

[Rasta]

The Supremacy Of The US Dollar Is Behind Us
From JsMinset:

Dear CIGAs,

Brazil, Russia, India China and South Africa are meeting next week because of the use of SWIFT as a weapon of war. Expect the formation of a competitive SWIFT system in three blocks. The dollar will test .7200 USDX and fail on the third tap.

There will be an audio interview on this development with Erik King of King World News tomorrow morning.

I have been doubted on many things, much of which has come to fruition. There was a time when $1650 in gold was considered the ludicrous dream of a madman.

2012 is the year that the US dollar will suffer from a significant drop in utilization as the international settlement currency. The utilization of the SWIFT system as a means of making war is the singular greatest mistake dollar managers have ever made.

Phil, that might have seemed logical to you, but you fail to focus on the consequences now in motion soon to isolate the dollar in a three currency block (Yuan/Euro/Dollar) losing at least 1/2 of its previous strength from the international settlement mechanism provided. It is too late now to rethink the use of the SWIFT system as a weapon of war. The cat is out of the bag and the damage is done.

As a product of acceleration of this process, the US dollar will test .7200 on the outdated USDX. The test will fail on the third tap.

Brics’ move to unseat US dollar as trade currency

[Rasta]

King World News: Jim Sinclair - US Launches Economic War, Gold Reacting

transcript page/blog - interview page - mp3 interview [18:50]

Today legendary trader and investor Jim Sinclair told King World News that gold has taken a major step towards becoming the currency of choice when it comes to international trade. Sinclair also said the US has launched an economic war against key Asian countries and it is having an immediate impact on the gold market. Here is what Sinclair had to say about the situation: “Wall Street goes to war and the weapon is money. There was a day when we went to war and the weapon was an armada of ships. It was landing on Iwo Jima, mano y mano, it was bravery and honor. Today it’s dollars.”