Jim Sinclair’s Commentary

This is the entire story. All else is meaningless chatter.

The world of traders is locked onto November 3rd as if it was the Super Bowl of markets. It is simply more madness of the crowd as they count the minutes before “he does,” “he does a little,” or “he does nothing” on that date.

The following is the entire story, and may well be the only story until November 3rd.

Dear CIGAs,

Right now an exhausted group of manic speculators in all markets are tied to the question of "Will he or will he not QE on November 3rd."

The recent small upticks in international economic statistics is not a sign of economies turning strong for GB or the US. They are the normal play of government statistics.

Britain is not on the threshold of a turn towards the better. In fact it is the absolute opposite that GB will experience in the next 12 months.

Regardless of what comes on November 3rd, the only choice the Fed has is QE to infinity. This won’t be because it is good, but because all else is not.

November 3rd is only relevant date to the mad short term gambleholics. QE to infinity is what is coming and November 3rd is meaningless to that. Whether it comes November 3rd, December 3rd, January 3rd or any other date, QE to infinity is coming.

All the new converts to austerity in the Western World are going to do a 180 degree turn as their economies crater and their populations swear to vote every politician out of office no matter what party they are.

Good night,
Jim