Jim Sinclair Calls Gold at $4,400 before taking over as currency for the Golden Age

Source: JS Mineset

Dear CIGAs,

The new normal in Gold, the “Comet Gold Resistance Movement,” is your ticket to a sound monetary system. This will be followed by a period of long-term industrial growth as the world has never seen based on ultimate money, forced by the actions of the market place, not a product of any numbered group, be it G20, or G anything.

Since there is no doubt at all that the price of gold is going to and through $3500 with unimaginable volatility, I once again would like to suggest as in all wars that when a battle has been lost, the rise of the Gold and Silver Resistance Force, a militia of sorts in the market.

The reason behind this suggestion is explained below as the economic axiom known as Gresham’s Law operating in the Central Banks of the BRICs whereby gold is being accumulated with a goal of 15% of the reserve balance. To create this reserve goal you can reduce the fiat reserves as well as increase the gold reserves. You can reduce your fiat reserves by long term contracts in dollars by parastatal accumulation of resources and the means of production. The goal of 15% of reserves are the currency gold, and gold’s ascent in the marketplace due to the effect of Gresham’s Law to an accepted currency form. This is something the West has no control over. All the West can do is to attempt to inflict outrageous volatility into gold thereby trying to make confidence in the price of gold hard for those that do not understand. I have started to suggest this movement in the video repeated at least 6 times here that states, “Gentlemen, prepare to defend yourselves.”

All you need to do every time the US Treasury and Fed seek to make the gold market outrageously volatile via their friends, the gold banks, is to do nothing. Consider the volatile gold market to be the lion in the following video CIGA Pat sent to us. You are the photographer. Accomplish in the market place what this wildlife photographer did in the field, and you will still have all your gold insurance when gold finally trades solidly at $4400. When gold breaks above $3500 and $4000, as it will do, the US Treasury and Fed via their friends and relatives at the Gold Banks will run gold from $3500 to $4990 and back again a few times before gold settles into the currency as described above at $4400 for the beginning of the greatest economic expansion the world has ever seen.

You must join my Comet Gold Resistance Movement, a golden militia armed with courage to do just one thing. Do nothing, stand still in positions in gold without ant debt, and ignore the enemy of fear within and gold banks without. The market made mad by the Gold Banks will approach your jewels, but you must be internally quiet.

There is a writer made famous in the gold community in their rare ability to feel the pain of another who wrote a now famous article while un-free titled, “Gold $5000.” He is now scaring his benefactors by calling for gold to return to a very long term uptrend line at lower prices. Should that occur, he is willing to sell you his system as a computer program for $20,000,000 US dollars. Knowingly or not, he is a tool of the Gold Bank’s banks to create unprecedented volatility in the gold price. Join my Comet New Normal Gold Resistance Movement, a true non violent but armed militia. This is the way to protect yourself and thereby get to the other side still holding the preeminent currency.

In two weeks I will have printed certificates signed for you representing membership in the Resistance, but without your name or other identification. There will be no meetings, no charges, not even expenses. When you are long your good gold companies, mining money, and your physical gold at a sound $4400, protected from the inflation we are already experiencing multiplied by a minimum of 25, you will know your Resistance membership and your mindset will have gotten you there.

You must have a brain to know and eyes to see in order to understand what the end game is. Know that you have a tool to fight back, which is explained in the following video. Stand emotionally and mentally silent doing absolutely nothing whatsoever as the Gold Banks play the Western egocentric dislike for gold’s final roll in the end game.When the lions are close, all you have to do is do nothing. This is the Constitution of the Comet’s Gold Resistance Movement.

 

Gresham’s Law, not international edict, will reform the monetary system. Gold’s role in money is moving towards officialdom not by edict, but by Gresham’s Law. The difference now is that this concept of Gresham’s Law inhabits central banks of the “Real New Normal,” the rise of the influence of the BRICS and is spreading worldwide.

From Wikipedia:Gresham’s law is an economic principle that states: “When a government compulsorily overvalues one type of money and undervalues another, the undervalued money will leave the country or disappear from circulation into hoards, while the overvalued money will flood into circulation.” Note please that the US Treasury still holds firmly to the mad concept that their gold, if there is any not compromised, at $42. More…

36 UBS Bankers To Be Implicated In Liborgate, Criminal Charges To Be Filed

ZeroHedge

As the fallout of Liborgate escalates, the next big bank to be impacted in the fallout started by Barclays civil settlement “revelation” is set to be troubled UBS, already some 10,000 bankers lighter, where as many as three dozen bankers are reported by the implicated in the fixing of the rate that until 2009 was the most important for hundreds of trillions in variable rate fixed income products. Only instead of attacking the US or even European jurisdiction, where the next big settlement is set to hit is Japan: a country whose regulators as recently as half a year ago promised there were no major issues with Libor, or Tibor as it is locally known, rate fixings. And while this most recent development will have little material impact on UBS’ ongoing business model, the one difference from previous settlements is that it will likely include criminal charges lobbed against some of the 36 bankers.

From the FT:

“UBS is close to finalising a deal with UK, US and Swiss authorities in which the bank will pay close to $1.5bn and its Japanese securities subsidiary will plead guilty to a US criminal offence. Terms of the guilty plea were still being negotiated, one person familiar with the matter said on Monday, adding that the bank will not lose its ability to conduct business in Japan. The pact between the bank and the US Commodity Futures Trading Commission, US Department of Justice, UK’s Financial Services Authority and UBS’s main Swiss supervisor Finma is expected to be announced on Wednesday, although last minute negotiations continue.”

More:

Not all of the three dozen individuals will face criminal or civil charges and the level of alleged misconduct varies among them. While it also is not clear how many bankers will be criminally charged, people familiar with the investigation said the settlement documents will document an intercontinental scheme to manipulate the Yen-Libor interest rate over several years involving desks from Tokyo to London.

The UK FSA has also notified at least five individuals linked to UBS that they are being personally investigated in connection with Libor. The watchdog has the power to impose fines and ban people from working in London’s financial services industry.

Criminal and regulatory investigations of individuals often take significantly longer than cases against institutions. The global settlement reached with Barclays over the summer did not include any charges against individuals, but several bankers are under criminal investigation, according to people familiar with the matter.

To a big extent, the reason why so many banks have given up on Libor and are now eager to settle comparable allegations, is because in a world in which not banks are primary counterparties to other banks, but central banks onboard all the counterparty risk, especially in Europe, Libor is now an anachronism – an unsecured lending rate remnant from another time, a time when there was risk a bank may fail without dragging its host central bank. That time is now gone, and as a result the only relevant metric now is how effectively can banks flush to the gills with excess reserves courtesy of various central banks, use said capital to generate a return on (central bank) capital, and a high enough ROE to keep shareholders happy.

Which is why even as banks are settling Libor allegations left and right, and even willing to throw some low-level traders under the bus because just like Fabulous Fab Tourre, nobody else had any idea of the criminal rate manipulation that was going on, and certainly not the corner office, what banks are really doing is learning from the master of trading – that would be none other than Steve Cohen – and experimenting with becoming the best hedge fund out there. Because in the new zero NIM normal, where money can not be made by traditional lending verticals, the only option left is to outsmart the competition.

And with retail investors leaving the marketplace in droves, the only ones left to be outsmarted are other banks. In other words, the cannibalization phase is almost upon us. Which means that just like the Knight Capital “fat finger” led to the collapse of one of the biggest market makers, so more and more banks will soon set their sights on their peers (think Bear and Lehman circa 2008), in an attempt to turbocharge their returns in a field in which there are simply too many competitors for everyone to make the needed returns.

Of course, if in the meantime some lowly attorney general can score some brownie points by amputating a division that is no longer needed, and throwing some janitors in minimum security prison for 12-24 months, so much the better for their political career. Sadly, nobody at the top, certainly nobody at HSBC or any of the other big banks, will ever see true justice, at least not until they too suffer the fate of Dick Fuld and suddenly find themselves as the main dish at the ever shrinking predators’ ball.

Related:

The Fiscal Cliff – The logical result of the Rothschild-owned private U.S. Central Bank (The Fed)

Exopolitics

The Federal Reserve is a private central bank designed to provide debt-based currency to the United States of America, and create a perpetual fiscal cliff for the USA.

The banks that own the Federal Reserve System are beneficially owned by the Rothschild-led City of London bloodline bankers according to a 1976 U.S. Senate committee report.

THE NEWS Live for Dec. 14, 2012 with Alfred Lambremont Webre.

THE NEWS Live with Alfred Lambremont Webre is streamed live every Friday at 6 pm Pacific, 7 pm Mountain, 8 pm Central, 9:00 pm Eastern, 1:00 AM GMT

at www.youtube.com/ExopoliticsTV. Each live broadcast is accessible immediately afterwards on archive at ExopoliticsTV.

“THE NEWS Live reports the news that the Main Stream News is designed to hide.”

URL:
http://exopolitics.blogs.com/exopolitics/2012/12/my-entry.html

Largest Capital In The World Now Entering Gold & Silver Space!

Today Rick Rule told King World News that the most massive and most intelligent pools of capital on the planet are now looking to crowd into the gold and silver space.  This is huge news for a sector that has been in a state of consolidation for over a year, and strongly supports the thesis that 2013 will be a banner year for gold and silver.

Rule had this to say about this extraordinary development: 

“The things that support the thesis, particularly with regards to the gold equities, has been the approaches Sprott (Asset Management) has gotten from the very largest sovereign wealth funds in the world, and the very largest suppliers of private capital in the world.”

Rick Rule continues:

“It’s interesting to see the big money starting to be attracted to the sector.  It’s interesting to see that point of view being shared by the largest aggregations of capital on the planet.  There are oceans of capital looking for a home.

There are literally trillions of dollars looking for a home….

Continue reading the Rick Rule interview below…

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