Wednesday, October 1, 2014

“Golden Truth” of Jim Sinclair

There are many persons-of-repute today who, to their own credit, speak about the global economic, financial and investment scenario as well as its definitive outlook. Many focus on both fundamentals and technicals when forecasting current market drivers as well as likely mechanisms which will also dictate future outcomes. Among the “Who’s Who’s” in this elite arena, the name of Jim Sinclair is one which needs no introduction in many parts of the world including; London, Brussels, Dubai, New Delhi, Hong Kong, Mumbai, Singapore, Tokyo, Washington D.C., or Wall Street. He has often been called “Mr. Gold” and being the son of the Wall Street legend Bert Seligman (partner of the world famous Jesse Livermore), has spent nearly five (5) decades in the global capital and financial markets covering various asset classes as well as having a keen understanding of the global mining & metals industry. His focus and track-record on his own independent research, facts, analysis, strategies, forecasting and planning is truly excellent.

I first heard of Jim Sinclair’s name having just started my career in the global energy sector just after graduating from the University of Southern California (USC) in Los Angeles. He was the one person who was called on by former U.S. Federal Reserve Chairman Paul Volcker to assist during the famous Wall Street crisis where the Hunt brothers had a silver position of nearly US$ 1 Billion which had to be liquidated in a definitive manner. Through the decades, Jim Sinclair has built multiple highly successful and profitable businesses from Wall Street-to-Main Street and, yet, always selflessly gave back and paid forward to society-at-large. He never speaks about his social service or charitable contributions in helping others in need. His famous saying, “Business of business and business of Life are the same” is a saying he feels, thinks, talks, walks and lives each and every day of his life. It is often enlightening to speak to those who personally and firsthand know Jim Sinclair and they are amazed how he always looks out for another person first, above and beyond his own interests. His innate honesty, integrity, and ethics are a tribute to his character. Even when negotiating a business contract, he always ensures a “Win-Win” and his partners always benefit first and foremost and he comes second.

Through his own personal triumphs as well as tragedies, Jim Sinclair has withstood the multitude of trials and tribulations which each and every person must traverse on their own individual journey of life. It has been said, “What goes around comes around” and Jim Sinclair is a living example of highly esteemed human character. His one-on-one guidance and advice on life are true pearls of spiritual, practical, as well as worldly wisdom based on his own experiences which he has personally undergone, withstood and prevailed with highest dignity and humility.

Through his personal website (, his various public meetings, and countless e-mails, Jim Sinclair selflessly dedicates hours, days, weeks on a continual basis tirelessly in helping create the right awareness and disseminate the right information to the multitude of global stakeholders from all-walks-of-life on economics, finance, investments, mining & metals and a multitude of related topics of interest. It is always a great opportunity to sit in a packed room with hundreds of eager attendees during a Q&A session(s) with the legendary Jim Sinclair. His marathon Q&A session(s) lasting over five (5) hours cover many areas as well what may be a most likely “going forward” scenario(s) based on current market trends, monetary, fiscal and banking policy. Various ongoing crisis(s) are discussed in detail as well as possible scenario(s) which may be contemplated and embraced by prudent global sources of capital. Other key areas addressed included, but not limited to;

  • Sovereign debt, deficit spending, central banks and their “digital money printing” via “Quantitative Easing-QE”.
  • Stocks and bonds markets fueled by liquidity via QE with near “zero” interest rates and their lack of sustainability and resulting impact.
  • Valuation of various asset classes distorted by QE effects and asset value chains and commodities undergoing constant volatility.
  • “Too Big To Fail” banks still plagued by “toxic” Assets Under Management (AUM) while commercial banks restrict lending and propagate prevailing credit contraction.
  • Companies sitting on sidelines with high cash levels on their balance sheets while debt and deficits directly impacting demand leading to potential “Stagflation”.
  • Competition from BRICS currencies and their views on “reserve currency” status while “paper” markets losing control on physical gold along with probable price levels.
  • Role of silver as a precious metal and its continual industrial demand along with probable price levels.
  • Probable timeframe for partial liquidation of public and private sector debt and most likely timeframe for single currency or basket of currency(s) indexed to precious metals.

It is truly heartening to see him answer each and every question posed as well as signing autographs, books, and "photo-ops" to the many who want to get a memorable picture with the legendary Jim Sinclair.

Jim Sinclair, in a truly selfless manner, continually provides unbiased insight on need for prudent capital formation-deployment process and the importance of structured finance (balance sheet driven). His insight on various asset classes and commodities is timely. His highly ethical view and respect for investors is a real breath of fresh air. His golden character is a testimony of “walk-the-walk” and an example for many to emulate as a true role model in Life.



Monday, September 8, 2014

Challenges in Overcoming Improper Biomechanics & Bioenergetics

I first started competitive running in high school and then in college with main focus on 880 yards / 800 meters during track season and cross-country during off-season (References 1, 2). I did not compete at any shorter distances. I was a "very average" and marginal athlete not at-par with any of the many championship-level and elite athletes on the various track & field teams in both high school and college. I stopped competing in track after college and occasionally ran in 5K and 10K road-races from time-to-time and completely stopped all physical fitness in early 1990s. After a major lapse of nearly two (2) decades, starting in late 2009, as part of road to proper health, fitness and training, I had to overcome various plaguing health issues and turned to allopathic medicine coupled with holistic methods as an effective means in tackling various challenges with diabetes, nephrotic syndrome, chronic fatigue and other related health matters (References 3, 4, 5).

From late 2012, I restarted the slow journey back to competitive running by participating in several 5K road-race events. My times were very slow (>40 minutes) and I continually suffered from chronic fatigue, total exhaustion, and other painful lower body injuries (hamstring pulls, knee pain, ankle sprains, plantar fasciitis, etc.). Thus, I totally forego running road-races, and, in late March 2013, I competed in an outdoor track meet in the 200 meters (a much shorter distance). I completed the race in a very slow time and collapsed after crossing the finish line. Thereafter, I started doing combination(s) of distance running, intervals, wind sprints and upper-body resistance training. However, I still continued to suffer from chronic fatigue, total exhaustion, and other painful lower body issues (hamstring pulls, knee / ankle pain, plantar fasciitis, etc.) as well as issues with ups / downs with diabetes and nephrotic syndrome. I also had to seek help from physical therapists for my lower-body / leg injuries.

Fortunately, I attended two (2) important running clinics, first in August 2013, and, later in January 2014 (References 6, 7). I had the great opportunity to listen, meet, and have direct Q&A with world-renowned track & field coaches, researchers and experts having tremendous wealth of knowledge, maturity, experience and wisdom. I realized there were so many major advances in biomechanics & bioenergetics science, innovation and state-of-the-art methods and techniques. Specifically, strength training; fitness; stride frequency / length; force application; ground reaction forces; biomechanics; bio-kinesiology; important muscle / tendon / ligament groups; energy mechanisms; training tips and related areas. In addition, Newton’s laws of motion, gravity as well as Hooke’s law with emphasis on force application, stiffness, ground reaction forces (impulse and impact forces), forward momentum, and linear velocity. Also, proper running technique and running form during acceleration, sprinting, maximum velocity and speed endurance phases. I learned, for the first time, basics of GAIT analysis as well as different key aspects of stance, recovery, toe-off, flight phases of the GAIT cycle. I had to literally re-learn the basic laws motion and linear kinematics as well as being totally introduced to the latest art and science of running.

During Competition
With Analysis

In late 2013, a real-time GAIT analysis was carried on my improper biomechanics in New York City which showed; 1) decreased step length on right foot; 2) decreased contact time on right foot and; 3) increased variance on right leg with pushoff / propulsive phase. In addition, movement assessment was also carried out which showed; 1) Ankle; limited dorsiflexion motion with early heel rise; 2) Hip; decreased hip extension right-to-left limiting glute(s) loading and activation and; 3) Thoracic Spine; limited rotation and extension thereby limiting core activation.

During Competition
With Analysis

Based on the above, I have had to apply and, in most cases, continually reapply the principles of the latest art and science of running and resulting “mindful” and “common-sense” methods, techniques, skills and drills to my own health, fitness, training and competition. I still have a very long way to go in overcoming challenges of improper biomechanics and bioenergetics as I have shifted focus on competing, at Masters level track events, in much shorter distances; 100 meters, 200 meters, and 400 meters; with still relatively slower time(s) due to ongoing injuries coupled with recovery / rehabilitation / therapy.

Accordingly, based on analysis (as in above pictures), a lot of work still needs to be done via proper health, fitness and training. This includes, but not limited to, major essential improvements which must be made in reducing resulting ground reaction force and optimizing vertical impact and impulse forces in order to translate into increased overall forward momentum (Linear Speed = Stride Frequency x Stride Length). There must be special attention paid to improving proper and adequate levels of stiffness (Hooke's Law; Force = kx). Enhanced and very close attention to interrelationship between key "15 joint groups", practical and realistic impact of anthropometric factors and issues. Particular emphasis on proper foot landing during "pen-ultimate step" and various GAIT phases, minimizing ankle rotation, enhancing hips / glutes power, strengthening core / chest area, relaxing both shoulders, smoother hand-leg coordination / propulsion and strengthening neck. Finally, as part of dealing with chronic fatigue (central nervous system (CNS), neuro-muscular, and metabolic), adequate and proper balance of both endurance and interval training as well as continual practice and maintenance thereof during off-season / early-season / mid-season / late-season.

I am so thankful to the most amazing enlightenment I received from the world-renowned track & field coaches, researchers and experts (References 67). Moreover, I am truly grateful for the continual words of faith, hope and courage from Coach Caryl Smith Gilbert and encouragement, motivation, support, and training tips from Coach F. Eugene Driver III.

Sunday, August 31, 2014

Focus on Sound Integrated Economics

Much has been written and continues to be written on sound economic integration and policy on global, regional, national, state and local levels. This includes, but not limited to, both public and private sector stakeholders (governments, companies, wholesale & retail consumers, and individuals, etc.).

As a “top-down” methodology & approach, sound monetary policy (interest rates, money supply, currency stability, and treasury bonds) drives basic fiscal & regulatory policy (taxes, duties, and levies) which in turn, directly impacts macro-economic policy/climate (commercial markets, supply-demand, price/income elasticity, infrastructure, etc.), structured finance (full recourse/balance sheet, limited recourse/hypothecation of assets, non-recourse/strength of contracts, and capital markets), micro-economic strategy and plans (business & functional operations strategy/plans, balance sheet, P&L, cashflow statements, and equity stocks).

As a “bottom-up” methodology & approach, for all asset classes; immovable assets (precious metals, natural resources, land, real estate, and intellectual property rights-IPR) are the basic foundation followed by movable assets (plant, facilities, machinery, equipment, vehicles, furniture, fixtures etc.), cash assets (currencies and bank accounts; checking/savings/deposits), paper assets (securities, stocks, bonds etc.) and e-assets (combinations/permutations of above).

It should be noted that sound economic integration and policy both directly and indirectly impact various stakeholders in making critical capital expenditure (CAPEX) and operating expenditure (OPEX) plans and decisions. Also, impacted are positive Enterprise Value (EV) and Earnings per Share (EPS) as well as viable Internal Rate of Return (IRR), Debt-Equity Ratio (DER), Debt Service Coverage Ratio (DSCR), Rate of Return on Equity (RROE), Payback Period and Break-Even Capacities.

In addition to sound economic integration, there is parallel correlation in maintaining sustainable balance between “Debt-Deficits-Demand” which in turn translates into structuring senior/subordinate/mezzanine debt securitization and collateralization and working capital credit financing.

As a going forward scenario, there is nearly $300-400 Trillion in debt and over $1.5 Quadrillion in derivatives prevailing in current markets. This massive debt burden requires combinations and permutations of definitive unwinding, deleveraging and/or liquidation of Collateralized Debt Obligations (CDOs) and Credit Default Swaps (CDSs). It will be important to maintain sound integrated economics in order to preclude any potential forthcoming effects of “Deflation-Inflation” scenarios.