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October 16, 2008
As We Approach Elections
Dear Friends,
1. As we approach elections everything possible is being done to keep equities from total implosion.
2. As we approach elections everything possible is being done to keep the hollow US dollar firm
3. As we approach elections everything possible is being done to keep gold under control to assist in keeping the dollar firm.
4. Gold is NOT a commodity. It is a currency.
5. There is an appearance of involuntary liquidation in gold as hedge and gold funds are pres... (4 KB) |
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October 11, 2008
The Almighty G7
Dear Friends,
According to news reports, the G7 meeting on one weekend of mutual understanding will restructure the entire world monetary system. They will make the present consequences of more than one quadrillion, one thousand one hundred forty-four billion dollars of notional value garbage disappear
Some of the characteristics of the current problem will be solved in two days of deliberations by the G7. But they mistakenly believe they are still the Sun around which all other co... (7 KB) |
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October 10, 2008
The Frying Pan or the Fire?
Dear Friends,
Stay the course or jump directly into the fire! That's the soundest advice I can give you in this highly volatile market period. I told you that you would see volatility in gold beyond your wildest imagination. That statement usually went along with my warning that by margining anything gold you were putting yourself in great financial risk.
Today has to seal the veracity of that advice. Now get a hold of yourself. There is absolutely no way governments can make a ... (3 KB) |
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October 10, 2008
Banking Crisis Has Not Played Out Yet
Dear Jim:
Merrill Lynch has a big report out today on the banking crisis. Here are the main points:
1. Everyone is waiting for the big government solution;
2. Coordinated moves will not necessarily be effective but it will be historic if it happens;
3. We are barely past the halfway point of credit down cycle;
4. People will continue to crowd into treasuries and in my opinion, gold;
5. Corporate profits not yet impacted will go lower;
Private sector intere... (2 KB) |
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October 09, 2008
Global Financial System Unraveling Fast: Are You Protected?
Dear Friends:
Gold is about to VAULT UP. I am reliably informed that the paper gold vs. bullion gold war is lost by paper gold at the $930 close. Gold will vault to slightly under $900. Then get pushed back but not much at all. Soon after that we are off to $1200.
A "Bank Holiday" is moving from "possible" to "highly probable." That being said, have you fully protected yourself? Have you distanced yourself as much as possible from financial agents holding your assets? Have you a... (13 KB) |
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October 09, 2008
News of the Day
Dear Friends,
States are going to run out of more than unemployment funds. Two major problems that are about to rear their ugly heads are busted retirement funds and busted States that are each looking for bailouts. Sounds like a repeat of Germany's Weimar experience in my opinion.
Jim Sinclair
... (5 KB) |
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October 09, 2008
Gold So Far TODAY
Today's gold news is the shutdown for issuing gold coins by most international mints.
They confirm this as a reaction to the extreme demand for gold coins. They also state that by not issuing gold coins it will bring the price of gold down. (That goes against the basic law of economics that supply and demand dictate price).
That is soft reasoning as small gold demand will simply shift to other forms of gold such as 1 kilo bars with known refiners' stamps and serial numbers. Who knows, ma... (1 KB) |
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October 09, 2008
Important Notice
Dear Shareholders,
You deserve whatever I have to offer. My commitment to our company is 100% of all I have and am. You can rest assured that corporate updates and general articles of interest will continue to be posted on Chairman's Corner faster than any other corporate website.
But I need your help to facilitate the timely handling of email and telephone correspondence. I am requesting that everyone who wishes to speak with me by phone register at least 100 shares of the compan... (3 KB) |
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October 08, 2008
New Contact Number For Jim Sinclair
Dear Friends,
As you can well imagine, I'm being inundated by calls from around the world seeking corporate information and my views on the gold and broader marketplace.
My first duty of course is to my shareholders and with this in mind I have implemented a new policy that will allow me to address the interests of significant shareholders first and foremost.
Because callers sometimes identify themselves as shareholders when in fact they are not, I would request that every st... (2 KB) |
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October 07, 2008
Corporate Meeting in Lisbon
Dear Friends,
David Duval, who serves as Special Advisor to the Chairman of Tanzanian Royalty, will be in Lisbon from October 13th to October 19th.
Shareholders in Lisbon are invited to meet with him for an informal update on the Company's activities and a general discussion on the gold market which will also include lunch. The meeting is tentatively set for October 15th but could be held on Friday, October 17th depending on demand.
In addition to being a former Technical Adv... (1 KB) |
