Does present gold weakness suggest getting out of metals or is it yet again a buying opportunity?
*Jim Sinclair's MineSet, James Sinclair, June 5, 2006
“What made little difference in the US seems to have impressed Asia. Whatever strength the dollar gains from Bernanke’s announcement of the arrival of stagflation will be transitory and short-lived. Stagflation is gold positive.
There are so many fundamental weak points in the US dollar in the tomes I have offered you on this subject. They are summed up in the following illustrations. [see jsmineset.com]
The US dollar will test .8050, bounce back and then retreat down through that level.
Bernanke is not going to sacrifice the equities market to produce dollar strength. Think about this point. The sitting Administration would go ballistic if they have not already done just that.
Stay calm, drink some cold water and as the Sopranos say, ‘Forget About It!'”
*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.