SPDR Gold Trust (GLD)

[jimmybob]

Thats what makes a market, buyers and sellers... know Alan & Carlos but I never heard of Sinclair before, seems pretty crazy with his calls for Black swan events, decimation of the US dollar(losing reserve status..ect), Oil going crazy(using Europe to rationalize why he thinks US gas prices should be much, much higher..) and these are just the predictions i see this year.. I am sure I could go back and see the same theme in wrong predictions year after year....

Heck, he was saying the Russia / Ukraine escalation was going to be an Economic Atomic Bomb unleashed by Putin on the U.S. yet the Ruble has been destroyed and the Russia economy is in ruins in just a few months time:

“It’s struggling… because it smells the real teeth of retaliation for sanctions being in the simple acceptance of any currency whatsoever for payment for gas to Europe. Believe me, they will settle in other currencies. . . . It makes energy cheaper. Why in the world would anyone want to pay in dollars if they can pay in their own currency? Russia could retaliate in a way that would have a phenomenal impact on the U.S. dollar. . . . Russia has the upper hand. They have it in their ability to turn the U.S. economy upside down and into collapse. There is no question whatsoever. Putin doesn’t need a nuclear bomb. He has a nuclear economic bomb that he can set off at any time.”

http://etfdailynews.com/2014/03/20/jim-sinclair-russia-could-cause-gold-to-hit-2000-in-2014/

And then says this: For gold, everything hinges on the U.S. dollar, and Sinclair says, “I think the dollar gets hammered. I believe we are headed for hyperinflation.” One of the many black swans, according to Sinclair, is the possible abandonment of the U.S. dollar by Saudi Arabia. If Saudi Arabia stopped selling oil only in U.S. dollars, what would that do to the buying power of the buck? Sinclair says gasoline would be “$10 a gallon very soon, without a doubt.”

I dont claim to be right all the time.. and I surely am not. But all these insane claims and predictions are to get peoples attention... it got your.. right?

People need to adapt to the world today... Had folks going nutty saying Oil was going $150+ if ISIS caused issues with Iraqi oil fields.. its different times.. i was getting ripped when i said Oil was not going to be effected like it used to back in the 1980s... : http://investorshub.advfn.com/boards/read_msg.aspx?message_id=103239140&txt2find=oil

Reminds me of that other guy Peter Schiff, who goes on T.V. the past 6 years proclaiming his brilliance on calling the housing bubble... He called that for 6 years before it came to fruition.. and worse yet, he continues to call for the same things now... Gold 5k, hyperinflation...ect.

Anyway, I guess we will see down the road.. But to hang onto a losing bet for years(and be able to do so), until it is right for a 6-8 month period, then sell exactly at the bottom for a huge gain(which needs also offest the market moving against you 50%+ while you were holding for the moment), and then try and do the same thing again and hold until it comes to fruition again, does not sound like a winning strategy to me.

Anyway, best of luck to you!