*Jim Sinclair's MineSet, by James Sinclair, August 8, 2006
“Rate rises are done now because the housing market is tipping over hard.
A central bank cannot pause one month and start increasing the next as that would demonstrate a lack of consistency. That would be the worst-case scenario for the central bank financial snobs.
The US dollar is now on its own in the sense that interest rate attraction bullishness is over. The perceptions of fundamental systemic problems will now set the dollar direction.
Gold has always been an inversely related product of the US dollar.”
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