by Jim Sinclair, JS Mineset:
My Dear Extended Family,
Of all the madness I have seen in markets over the last 50 years, today takes the cake.
My take on it is:
Mrs. Merkel can already taste the joy of being President of Euroland. Hollande is getting ready to set the stage for his growth solution to the euro mess. The entire western world economy is falling off a cliff. The West wants to bomb Syria into the dark ages but might meet Russia head on there.
Gold continues to overcome the bears.
The shorts of the euro are emboldened, but not necessarily as right as they think they are. Dollar strength has no fundamental backing, but benefits from the mirror image of the euro.
I recommend that you shut your ears to the multitude of experts, especially those on Financial TV that claim to have never been wrong.
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