TanRange CEO Jim Sinclair replied to my personal email
you IHub Admin guys might as well get a GOLD education
are you guys gonna linger like dust balls and bad breath?
he answered within my email with bolded comments
he basically says gold will zoom in a panic
I have more comments at bottom, since 18 daily limit
Big Jim,
first, thank you very much for your steady commentary on www.FinancialSense.com,
culminating with the 10 factors on gold and the #1500 target upon no federal
intervention
nobody in the financial markets seems to give reinstitution of the
sterilized Gold Cover Clause a prayer
True, now but it is my duty to offer solutions, not just talk about problems.
in an uncontrollable down spiral, you may be right on
the sharing of your past expert experience is greatly appreciated
my question, if you could spare time to address it:
IN A STOCK MARKET PANIC, WILL GOLD SHARES SUFFER FROM ILLIQUIDITY PROBLEMS?
Depends on how much margin debt is against them. The recent wash out should prevnet that in this decline.
AND NOT RISE, EVEN AS GOLD METAL DOES RISE?
COULD FEAR DRIVE DOWN ALL EQUITY SHARES SIMULTANEOUSLY?
No. The example is that when gold rose 1930-33 in the midst of a liquidity crisis with no solution, Homestake went wild on the upside.
sincerely, Little Jim
I laughed hard this morning watching CNBC from Sulphur Springs WVa conference of CEO's
they were talking about Iraqi War consequences and strategy
Sprint CEO anticipated much higher telephone caller activity
an Oil CEO thought crude oil had a $5 premium in its price that could go much higher
SunMicro CEO McNealy thought the govt could assist the IT industry by purchasing computer servers to drop them on Baghdad
CNBC was at it again with their economic ignorance, urging CEO's to increase their capex spending, expressing the opinion that if they all upped the spending then jobs and recovery would follow
wow, continued ECONOMIC ILLITERACY
no mention of crushing debt levels endured by households
this is the next big big development
CONSUMERS CONTINUE TO PULL BACK IN SPENDING, DUE TO BOTH DEBTS AND INCREASING JOBLESS PINKSLIPS
why would a CEO spend precious capital unless he/she expected that business would yield a return equal or greater?
capex is slack and falling (if not extinct) because firms see no rising demand, nor evidence of future rising demand
a quick route to worsening balance sheets is to spend for patriotic reasons when the customer base is not there with money payments
wow, continued stupidity
and since when is war good for an economy???
Soros brought a link explaining the public spin on the benefits of war
since when is WAR NOT CHAOS?
attempting to contain war is ludicrous on its face
how many Iraqi terrorist cells are located inside US borders?
how high would crude oil prices go?
would Saudi Royal Family survive any widened war?
would Soddomy launch biological attacks on Prince Sultan Airbase inside Saudi?
the longterm benefits of WW2 are now clear
at a price of costing the world 1/3rd of its oil supplies, 10 million lives, and total chaos for 5 years
I am alarmed at the disinformation and cheerleader whorishness surrounding the nation in every facet
enough, must get back to watching this stellar econ recovery
the stock market is looking increasingly schizo lately
up 300, down 180, down 140, updays reversing to downers, today up 140 now, probably go even by afternoon
the tactic should be to use updays for unloading stock on sheeple
/ jim
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