Billy re: ["Jim Sinclair comments”}.
Billy, we all know what Sinclair thinks.
Pull cord and broken record plays...
$1650 Magnets, Helicopter Ben, the TIC, the imminent
Dollar Collapse (5 years and counting now!), the
Deficits, the PPT manipulations, Central Bank selling and
Central Bank buying...yada, yada, yada.
At one time, or another, these have all been legitimate
concerns and/or drivers for gold. Unfortunately for his
followers...the markets and the above catalysts for gold
have changed -- but, Sinclair and his commentary hasn't.
-- Tax receipts are up.
-- Defecits are falling.
-- The US has no trouble selling it's bonds.
-- Political, fiscal & geopolitical change is coming.
-- Greenspan created this mess -- Bernanke was left to fix it.
-- Paulson as Treasury Secretary is a MAJOR change.
-- The US Dollar has recently hit 10 month highs.
-- Bonds have rallied since May.
-- Oil, Nat Gas & Gasoline have collapsed.
-- There's so much Oil available - that OPEC is cutting production.
-- Nat Gas fell by 73% from Dec to September.
-- Gasoline collapsed from $3.25 to $2.25 per gallon.
-- The US Dollar - not Gold, became the flight to safety haven
when Israel invaded Lebanon & when North Korea tested it's Nukes.
-- And the Dow is at an all-time high.
Neither the Formula or, the Magnets appear to
be working?
And the result is that Bugs have been shaken, stirred and
stomped.
The equivalent of a 3,559 point DOW collapse can NOT
be dismissed, or ignored.
Bugs got a 100 point HUI death march in 2004 and another
one in 2005. Then this May they got their 3rd, with
Sinclair’s now infamous -- "HOLD TIGHT" & “FREE PUT” calls.
Arguably the single worst call on Gold--since Nixon closed the Gold window."
The results of his "HOLD TIGHT" call can't be denied.
That chart above is the judge, jury and the executioner.
What more needs to be said?
It was instant and total death.
We saw the forced selling and liquidations. The brokers
were talking openly about it. Grown men bawling their eyes
out... screaming and threatening margin clerks. It was
ugly, but greed always gets -- what greed deserves.
Where were the "ring the registers and exit" sell signals
from Lars of Lapland, Mr. Monte, or Sinclair's
"French Curves" during the 100+ point implosions
in 2004, 2005, or this past May?
0 for 3...on three major washouts.
No one is perfect, but "0 for 3" doesn't cut it.
Give me French Curves in a tight skirt and pair of 3" heels
...Sinclair can keep his squiggly-wigglys.
What really bothers me about Sinclair, is he hasn't learned
anything. No remorse. No apologies to his followers, or his
shareholders. After "HOLD TIGHT"...he followed up with his
his now equally infamous -- "FREE PUT" call, which resulted
in this:
"Thank You Sir -- may I have another!"
Bottomline: Sinclair is absolutely and completely
irrelevant to anyone other than the individual
online -- "Kool Aid-Casino-Bugs"...period.
Sinclair has failed the gold market 3 times in 3 years.
Put a fork in him -- he's done.
Put a little lipstick on him, hand him
a pair of poms-poms...and send him on his way...
Next...
SOTB |
