Shorts about to be booted, silver shine as well as gold and commodities in general.
It's commodity time finally, as paper money is on its last gasp, with all the money printed to prop up all the debt accumulation, both impossible to continue or pay off. The commodity bubble begins in earnest now and ends 2015 with most likely impossible to sustain 20% interest rates again like back in 1980/81
'Is That A Bell I Hear Ringing?'
by CIGA Bill Holter, associate of Jim Sinclair
https://www.jsmineset.com/2012/02/27/jims-mailbox-871/print/
"THIS is exactly what Jim Sinclair was saying last night and this morning on his e blast, the shorts are about to get the daylights squeezed out of them as they compete with the entire list of buyers! This list included everyone, technical traders, fundamental buyers, weak hands looking to get back in, strong hands looking to add, sovereign wealth funds wanting to lock up resources etc.. Last but not least on this list are the shorts themselves, both legal and illegal shorts will now be forced to compete with each other to cover the BILLIONS of shares they have already sold some of which never even borrowed or exist!"
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" As to the fundamentals of "why" the shares are in my opinion the buy of a lifetime, here goes. First, the shares have only traded this "cheaply" in relation to Gold (and commodities in general) twice in the last 10+ years. All of the obvious signs are now in place that what is now considered "money", is dying. Money, in today’s form is backed by debt. This debt without question is pure and simply "bad", there is too much of it and the quality is laughable. The global banking system is upside down as is real estate (the collateral) on a global basis. While the debt was being created, to "juice" the system even further, over $1 Quadrillion (yes, with a "Q") of derivatives have been created. The "catalyst" for the coming monetary death can come from any direction at any time. We could have a daisy chain of banking failures, sovereign credit failures, failed auctions, central bank dishoarding of U.S. Treasuries, an oil shock caused by a war, fraud that cannot be hidden any longer, or a natural or man made disaster to name but just a few. Or…we could wake up one day and there be "no bids" for anything…anywhere…for no apparent reason. The bottom line is that the charts are saying that the time is "ripe" for SOMETHING to happen in a big way."
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"Is "this" it time wise? I think it is, but what I think does not matter. The "market" will tell us and the charts are saying that right now is a very likely point in time. Of course, we can go through yet another cycle where the shares move up and fail to break out only to set up again exactly where we are now. Fundamentally, once the shares do break out, massive amounts of money will flood into a pathetically small market capped industry no matter what Warren Buffett says or what the "planners" want you think. Maybe today isn’t "the" day, week or month, it really doesn’t matter because "it" is coming. "It" being the process of counting ounces and calculating your net worth by how many ounces you own and control. If anything that I have written or said over the last few years was important or had merit in any way, the concept of "counting ounces" under your control, ranks as THE most important concept of all!
Regards,
CIGA Bill H. "