This is a must-listen-to radio interview. It's filled with nuggets of information like the motivations of the Chinese and why they don't care about owning $800 billion in U.S. debt. [Part 1 at 6:28 through 9:40.] You won't hear this on the likes of CNBC or even FOX. Though the host allows Jim to go off on a few tangents, the entire half hour is worthwhile. Listen and discover why I read Jim Sinclair every day. To do the same, follow the last link below. - c
Jim Sinclair on Gold Seek Radio 8/5/2009 - Part 1
Jim Sinclair on Gold Seek Radio 8/5/2009 - Part 2
Jim Sinclair on Gold Seek Radio 8/5/2009 - Part 3
U.S. Dollar Index (USD/INX) over the last five days.
"[The dollar] is going to go down to 62, sure as I'm talking to you -- and it could even go lower."
"Gold is going to $1,650 and there's not a force on Earth that's gonna to stop it." -- Jim Sinclair
1 comments:
The Chinese in two days have:
1. Invested US2.5 billion dollars in an energy project.
2. Invested US4.0 billion dollars in high speed railroad equipment
3. Invested US2.0 billion dollars in US high risk funds.
You really think that China is dollar bound? If you do you are mad.
-- Jim Sinclair
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