Dollar, Gold, Shorts, Naked ShortsJim Sinclair's Commentary
You can be absolutely sure that gold is the only completely safe currency to hold when a worldwide meltdown of OTC derivatives is pulling at the seams of all financial institutions.
Due to the enormous increase in US dollars outstanding when Central Banks wish to diversify out, the dollar can be manipulated, at least temporarily. No manipulation in the entire history of a market has ever been able to change the trend.
The bailout deal is a total dud in terms of fundamental ability to make any difference.
The shorts in many very good juniors are making Custard's Last Stand. Please do not let the pool and naked shorts run you out by squeezing your emotions and thereby clouding your ability to reason.
Respectfully yours,
Jim