JIM SINCLAIR: ECONOMIC EFFECTS OF QE3 WILL SOON ENTER THE MARKETS
SEPTEMBER 21, 2012
The legendary Jim Sinclair has sent out an email alert to subscribers stating that the economic effects of QE3 will soon enter the markets in the next 90 days. Sinclair states that QE1 and QE2 were NOT failures, they prevented/forestalled the largest economic collapse in world history. Sinclair states that QE, which is now QEternity, is ‘the only tool available to central banks that would create infinite cash for the Fed and Treasury to use in a totally discretionary manner.’
Sinclair states that within 90 days the economic effects of QE3 will be entering markets for money and therefore the markets for gold, silver, and most certainly the dollar will be affected, and states that ‘gold is going to at least $3,500, the dollar will test .72, and silver will ‘certainly perform well also‘.