Sinclair – Gold War Rages As Bulls & Bears Continue To Battle
March 8, 2013
Today legendary trader Jim Sinclair told King World News that when people look back in history, this will have been the greatest opportunity for investors in gold between now and 2017. Sinclair also spoke about the Western central planners fighting against the primary trend. Below is what Sinclair, who has been actively trading the markets for over half a century and whose father was business partners with legendary trader Jesse Livermore, had to say about what is now taking place and what to expect as the gold war continues to rage.
Eric King: “Richard Russell talks about the Fed and Western central planners fighting against the primary trend in an attempt to stave off what should be a depressionary cycle. Can you talk about their fight against that?”
Sinclair: “The fight against that is basically a management of perspective economics. The thesis that you can convince the public that everything is going to be fine, if you convince the public via the Dow Jones Industrial Indices at new highs, and mainstream media stories about the wonderful new housing market, about the great recovery in employment, the great future that we are looking at, and actually get them to believe it, the thesis would then say that you could prevent the recessionary and possibly depressionary pressures.
That’s basically saying there is no economic law. Economic law is only in the mind of a couple of Austrians, and they are wrong. But the problem is they (the Austrian economists) are right. There is economic law. There are consequences….