Jim Sinclair – Media Blackout, Panic & A Major Short Squeeze
April 30, 2013
Today legendary trader Jim Sinclair told King World News that despite the volatility in gold and silver, not only will any setbacks will be short-lived, but we are now looking at the very real possibility of a major short squeeze in the metals. Sinclair also spoke about what has just taken place in Cyprus, the Western media blackout of those events, and what it means for investors going forward. Below is what Sinclair, who was once called on by former Fed Chairman Paul Volcker to assist during a Wall Street crisis, had to say in this remarkable interview.
Eric King: “Jim, we will get to gold in just a minute, but first, what are you focused on in the aftermath of this latest development in Cyprus?”
Sinclair: “There has been a total blackout in the Western mainstream media regarding what just took place in Cyprus. Even where there was even scant reporting about Cyprus, they only reported approximately 1/3 of the amount of the assets that have effectively been stolen.
The takeaway I have, and the shock I have, is that the news is now so selective in the so-called free Western hemisphere….