Jim Sinclair’s Commentary Posted: Aug 24 2010 By: Jim Sinclair

http://jsmineset.com/Dear CIGAs,

The smoke and mirrors modest upturn in economic statistics primarily due to the FASB capitulation in April of 2009 comes to an end as the Ski Jumper gets airtime.

All the MOPE about recoveries and double dip comes into question with the violent nature of major economic statistic dissolution.

Central Banks around the world, knowing full well that the assets of financial entities are as weak as they were during the 2008-2009 crash, immediately revert to QE to infinity. This lights fires to the Western World currencies making the dollar weak and the euro outrageously volatile. This gives rise to Currency Induced Cost Push Inflation, better known as the Yellow Brick Road to Hyper Inflation. Central banks are depicted as the devils as QE to infinity is thrown onto the pile in hopes of another illusionary soft landing.
This can easily happen so fast that your hair will catch fire and you get whiplash trying to catch it. When this event occurs it will be lightening speed. The evil deeds are done and there are no exits. Gold will trade at $1650 and beyond.