Jim Sinclair continues:

“If, in fact, what Bernanke attempted to tell the investment world today, that QE may not be necessary because of a modest improvement in the statistics of unemployment, if that was truly to be believed, then the stock market should have been off 800 points while gold was gold was down $100.  Because the same thing moving the stock market is what’s moving the metals and that is pure liquidity.

When asked about Jean-Marie Eveillard’s comments earlier today on KWN that central banks were desperate and intervening in the gold market, Sinclair responded, “Let’s go by the intervention that started out in the morning....

Continue reading the Jim Sinclair interview below...


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“First you intervene via the mouth.  Now, what happened over in Europe?  The ECB made $712.4 billion in low interest loans to the member banks.  This is the second round of massive credit infusions that has been credited with the easing of the eurozone debt crisis.  

So that is quantitative easing and we know the money that’s been coming into the ECB has been coming in from two places.  It’s been coming in from the IMF and from swaps done by the US Federal Reserve.

(This money flows, in order, through these entities) Federal Reserve (to the) IMF, IMF (to the) ECB, ECB (to the) member banks.  (This is) pure QE on a global scale.  

Now at the same time this headline is being run, an interview with the Federal Reserve Chairman, Bernanke, states that ‘Due to the modest improvement in housing, it is possible that our reliance on QE may not be as necessary.’  Immediately that takes gold off $30, but that $30 was intervention if I’ve ever seen it. 

The next step (in the intervention) because we are back at recovery highs (during live trading), your algorithms are all looking for a reason to sell.  (Action) tips off the algorithms and down it (gold) goes.  It is an absolute contradiction in terms that the equity market could turn in a ho-hum day of minus 50 and gold be down close to $100 today.

How many listeners have even seen the $712.4 billion of low interest loans that went from the ECB to the member banks today?  It’s there, but you are going to have to look real hard to find it.

Today does qualify as one of the biggest injections of liquidity into the system in the history of the system.  Today was a cover-up by the US Federal Reserve and by the mainstream media of one of the largest injections of liquidity into the system that has ever occurred.”   

This is without a doubt one of the most timely and powerful audio interviews ever with Jim Sinclair.  Sinclair is the last of his kind.  Many KWN readers remember that his father, Bert Seligman, was business partners with legendary trader Jesse Livermore.  There isn’t anyone left from that group, just Sinclair.

He lays out exactly what took place in the gold market today, why it took place and importantly, what to look for next.  KWN readers globally must listen to this interview, which will be released within hours.  The extraordinary KWN audio interview with Jim Sinclair will be available today and you can listen to it by CLICKING HERE.

© 2012 by King World News®. All Rights Reserved. This material may not be published, broadcast, rewritten, or redistributed.  However, linking directly to the blog page is permitted and encouraged.

Eric King

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© 2012 by King World News®. All Rights Reserved. This material may not be published, broadcast,

rewritten, or redistributed.  However, linking directly to the blog page is permitted and encouraged.

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