Richard Russell - America In Trouble As Gold War Rages

http://kingworldnews.com/kingworldnews/KWN_DailyWeb/Entries/2013/8/20_Richard_Russell_-_America_In_Trouble_As_Gold_War_Rages.html

Speaking of gold, I was amazed that there was absolutely no mention of gold's brilliant performance last week in Barron's or any other newspaper. 

Evidently, nobody wanted to even mention gold's upside breakout.  Just a complete silence on gold -- amazing.  When gold was falling, it was the talk of the town.

Jim Sinclair - Paper Markets To Disappear As Gold War Rages

Just to give you a background on Jim Sinclair, he declared gold would be $1650 when it was under $300 ten years ago.  Think about that for a minute, and how outlandish that sounds to an untrained eye.  Lo and behold, he was right, as gold went beyond his price target all the way up to $1923 in 2011.

If you choose to dismiss it, realize that if you had $1000 of gold back then, you'd have $6000 today.  Or $1 million then would be worth $6 million today.  In other words, the appreciation scales up, and if anybody had followed his advice, they'd be in a much better place today.  Sinclair's call was not insignificant.  He talks the talk, and walks the walk.

Sinclair is now saying the next upside target is $3500 and higher, which is equally hyperbolic, right?  Not really.  A move from $280 to $1650 is huge, a six-fold rise.  Getting to $3500 from here is merely a double.  And the Fed is printing many more trillions today than they did back in 2002.  That price target, as crazy as it sounds initially, is not far-fetched at all when looking through the prism of the trillions in currency units the world's central banks are creating.  In a currency war, the race to debase is extremely constructive for the price of gold. 

http://kingworldnews.com/kingworldnews/KWN_DailyWeb/Entries/2013/3/6_Jim_Sinclair_-_Paper_Markets_To_Disappear_As_Gold_War_Rages.html