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Will the Fed spin words to try to fool the markets into believing something has changed?
*JSMineSet, by Jim Sinclair, June 3, 2008
“All the spin and stabilization cannot prevent the imminent consequences from the bailing out of every bank and financial agency that has issued OTC derivatives.
The consequence is a form of the Weimar experience. The consequence is Gold at $1650. The consequence is a substantially lower dollar.
Spin and stabilization cannot stop the onslaught of these consequences. Bernanke cannot play the Hawk without trashing what is left of the financials.”
*This information is solely a highlight of the opinion of a third-party publication and is incomplete. Please subscribe to this publication for the full and timely opinion of the author and call a Monex Account Representative for any additional up-to-date information. This is not an offer to buy or sell precious metals. Investors should obtain advice based on their own individual circumstances and understand the risk before making any investment decision.