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Re:        Chairman's Corner - Thursday, January 17, 2008
Title:     Market Panic Increases Reality of $1000 Gold (CORRECTED VERSION)
Author:    Jim Sinclair

CORRECTION - In an earlier email, the correct statement is a 1000 point break in the "DOW" rather than gold. Here is the corrected version.

Dear Friends

There is no doubt that the Fed and the Price Protection Team (PPT) are meeting right now. A drop of over 300 points on the Dow after the Chairman of the Federal Reserve speaks publicly presages a 1000 break in the DOW coming quite quickly - if not tomorrow for that matter.

Unless the equity markets can be calmed, a panic is about to happen, making my public statement that "This is it" a horrible reality. If the equity markets cannot be calmed then:

1. Gold is certain to rise to $1650 as an almost immediate effect of what will be done to fend off the total panic that is starting to take place in general equities. This will follow through into credit markets of all kinds.
2. The funds and hotshot short term traders in gold shares will be killed by the upward explosion of the gold price that is about to occur.
3. The PPT and the Fed will step out of gold's way because gold is one of the tools used in 1930 by Roosevelt and in 2000 by Bush. It will be used again but now on the upside.
4. Gold is the only insurance there is against all of this mess because a panic in equities will blow the financial system that is already coming apart to smithereens.
5. All country funds would decline any further investments in U.S financial institutions that now have their backs to the wall.
6. The rollover in credit and default derivatives would exceed the entire foreign debt of the USA.
7. The rest of the $450 trillion dollar mountain of derivatives would start to disintegrate like nothing you have every seen in your lifetime.
8. Consumer demand would slam shut.
9. The auto industry might as well go into liquidation this coming Monday, avoiding the June 2008 rush.
10. The US dollar would burn a hole in the floor going directly to .5200 or lower.
11. As the dollar disintegrates, gold would rocket to and through $1650 in a matter of days.
12. The markets for general equities would all have to institute total trading halts every 100 points on the downside for 30 minutes each.
13. All commercial call loans would be called.
14. All debtors one day late on any payment - lacking any grace period - would be liquidated. All debtors over one day of the grace period would be liquidated.
15. It is clearly visible to anyone with eyes or a mind to think that the PPT has lost all semblance of control in the equity markets. This will soon happen in all remaining markets.
16. The commercial paper credit market which is almost dead will die totally.
17. Should no emergency action take place soon, you will see an old fashioned panic of the 1929 variety.
18. Just as emotional fools sell gold and gold shares, be assured that more emotional general equity fools will unload and bring the averages down more than ever in history in one day.
19. Recognize that all this will happen much sooner and in a much bigger fashion than previously anticipated.
20. Emergency action will be all splash and theatrics but, truthfully, the cat is out of the bag. It buys some time but corrects nothing.

There now must be EMERGENCY ACTION because the Chairman of the Fed has BOMBED OUT PUBLICLY and a PANIC is about to occur. Expect EMERGECNY ACTION in days, not weeks.

If you have not protected yourself you may only have days to do so.

Copyright © 2008 TANZANIAN ROYALTY EXPLORATION CORPORATION (TNX) All rights reserved. For more information visit our website at http://www.tanzanianroyaltyexploration.com/ or send email to info@tanzanianroyaltyexploration.com ..
Message sent on Thu Jan 17, 2008 at 6:56:33 PM Pacific Time

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