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Jim Sinclair - Gold to Exceed $12,500 to Balance US Debt

We've come to a point now where if QE were to be stopped, you would see an implosion in the general equity markets...And yes gold would go down, the market would go down hard.

The dollar would go up slightly to begin, but then fall back down again as the management of the economy was seen to have been ineffective and inefficient.

You can't stop quantitive easing.

If you stop quantitive easing the stock market will return to its recent low or lower.

That alone by its impact on decision making will cause an economic implosion.

We're tied into this monetary stimulation, there is no way out of monetary stimulation.

If there was any attempt to get out of monetary stimulation it would cause an economic accident which would require central banks to go right back where they were.

That would be again, loss of control...



“My honest opinion is that we have gone so far down the road that there is only two outcomes now. You can continue QE to infinity as Jim Sinclair says, and that will lead to some form of hyperinflation or you can sort of go cold turkey and that will lead to a depression that will make the ’30’s look like a picnic. When you think about it, that is an awful set of choices.”


That’s the sort of stuff that leads to revolutions, and if you disadvantage enough people and they look around and see all the banksters with all of the dough, somebody is going to wake up some day and say, ‘Hey, let’s get those guys.’

http://www.gold-speculator.com/jim-sinclair/57392-jim-sinclair-gold-exceed-12-500-balance-us-debt.html

http://kingworldnews.com/kingworldnews/KWN_DailyWeb/Entries/2011/6/3_Embry_-_Silvers_Drop_is_JP_Morgan_Trying_to_Protect_Their_Ass.html