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« Team: New Venture Update 20 December 2012 | Main | John Embry - Chinese Demand For Silver Has Exploded »
Tuesday
Dec182012

How To Read The Negative Pressure Over Gold And Gold Stocks

Jim Sinclair

The following is a missive that we received from Jim Sinclair this morning, who is the host of a web site called Jim Sinclair's MineSet. He sums up the situation much better than we can so its well worth the time spent on reading what he has to say. The above link will take to his site and his updates via email are free, so you have nothing to lose by signing up for them.

Here we go: 

 

My Dear Extended Family,   

 

Hi Jim,

 

How should I read the negative pressure over gold and gold stocks? What's going to change this negative scenario?

 

Respectfully,
Arlen

 

Dear CIGA Arlen,

This is capitulation everywhere. This event has been a manufactured market move since $1800, with clearly planned and executed intervention. The gold price take downs during low volume periods internationally is a known price moving only tactic.

I simply shut off the machine because all the regular causes for the gold price will make themselves effective with time. A manufactured market event will not change the trend. Even the most professional can be reduced to sheeple by their emotions.

I refuse emotions and emotional people in a market context. To save yourself from all this that has happened and will continue to happen requires commitment and courage.

You have it or you do not. Admit who you are and act accordingly.

Like every mistake made by Westerners, what you see today is simply driving gold into Asian control.

Jim

.............................................................................................

As we see it the white knuckle ride continues so hold on to your hard hats. On the up side, this battering should present us with some good entry points so dont go to sleep, observe and prepare to get your game face on.

 

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