Johnnybags
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- Joined
- Jul 13, 2007
- Messages
- 4,126
ours are dropping and the dollar is up? Looks like the IMF is desperately holding Uncle Sam toilet paper up and whacking pm's on a day where the opposite should be true.
Europe leaves rates skyhigh
- Thread starter Johnnybags
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SevenEyedJeff
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- Joined
- May 31, 2007
- Messages
- 1,054
Yes, jobless claims in the US at a 7 year high, factory orders way down, Europe keeps rates high, stock market down, but the US Dollar index the only thing up?
I smell a dirty rat...but I'm searching for gold today.
Jim Rogers said he was using the dollar rally to get rid of all his dollars, and so am I to the extent that I can.
I smell a dirty rat...but I'm searching for gold today.
Jim Rogers said he was using the dollar rally to get rid of all his dollars, and so am I to the extent that I can.
Jim Sinclair Website
From Jim Sinclair
Dear Extend Family,
Unless the LIBOR rate drops sharply we are facing a planetary financial crisis next week.
For God's sake protect yourself.
Gold and gold related items will be the only true storehouses of wealth. The bailout bill is powerless to reverse what is now happening.
This is a modern day Weimar happening right before our eyes.
Respectfully yours,
Jim
From Jim Sinclair
Dear Extend Family,
Unless the LIBOR rate drops sharply we are facing a planetary financial crisis next week.
For God's sake protect yourself.
Gold and gold related items will be the only true storehouses of wealth. The bailout bill is powerless to reverse what is now happening.
This is a modern day Weimar happening right before our eyes.
Respectfully yours,
Jim
Zippyjuan
Banned
- Joined
- Feb 5, 2008
- Messages
- 49,008
The European Central Bank is not the same thing as the IMF. The Fed also decided not to change interest rates at their latest meeting. Both central banks are conflicted right now- stimulate their economies with a rate cut or raise them to try to fight inflation. With oil prices coming down from their highs, the inflationary pressures are easing but the financial system has greately reduced any lending so a rate cut would have little effect on both economies- thus the decision to leave interest rates where the are.
Jim Sinclair is trying to sell gold so he has an incentive to try to paint a darker picture of things.
Things are not beautiful, but will not be Weimar by next week.
By the way, here is a link to a story about the ECB decision: http://www.ft.com/cms/s/0/4922ccce-777f-11dd-be24-0000779fd18c.html
Jim Sinclair is trying to sell gold so he has an incentive to try to paint a darker picture of things.
- and buy things from me!
Things are not beautiful, but will not be Weimar by next week.
By the way, here is a link to a story about the ECB decision: http://www.ft.com/cms/s/0/4922ccce-777f-11dd-be24-0000779fd18c.html
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