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Gold/Mining/Energy : Gold and Silver Juniors, Mid-tiers and Producers

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From: loantech4/19/2006 10:56:06 PM
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BEST JIM SINCLAIR EVER:




General Editorial



Posted On: Wednesday, April 19, 2006, 8:36:00 PM EST

Gold and Dollar Market Summary

Author: Jim Sinclair




Dear CIGAs,

Here we are into the $630s in gold with $682 pulling from the front. We are eight days from the date some respected US authorities stated Iran will officially join the Nuclear Club of Nations. Words are flying wildly from every corner of the world, but Iran seems to be holding the hot hand.




The real WILD card in this high stakes poker tournament is what Israel will do when today threatened with longer legs in Iran. That translates to “We can fire our nuclear weapons farther than you can fire yours.” You think the cold war was tough when school children were instructed to hide under their desks if they saw a mushroom cloud? How would you like to be in Jerusalem or Tehran today?

It almost seems as if the US and British public are eating mushrooms rather than calculating what a hell of mess the world is in since they eliminated Saddam Hussein. The invasion of Iraq to instill democracy where there were not and still aren’t any democrats may well be the largest error in human history. I think it is.

The gold, silver, copper, nickel and all other key commodity markets are going wild for a good reason. In eight days the dynamics of the entire Middle East is going to change. This has been the plan all along and the world has been played by the Iranian Intelligence people.

They analyzed the situation perfectly. They took total advantage of the personalities and circumstances. They had their arch enemy put in a rat hole. They have financially exhausted the West. They can topple the West with the snap of their fingers by shutting off energy supplies. They will if it will benefit them.

This is no joke and has no solution. All we can hope for is ebb and flow rather than an explosion in about a week.

It does not matter if nothing happens eight days from now. The dynamics will change in the Middle East. Iran has made fools of all Western leaders and will go to the wall of destruction betting the West dare not attack. We dare not!

I have walked with you now to the $630 level. Even though we were attacked daily we knew it would be here. The pull from the front is $682 and geopolitics combined with the new crowd can easily deliver on that price.
Iran has snookered the West in a masterful way. Iraq is a disaster of Biblical proportions. People are threatening each other with nuclear catastrophe. Crude oil could simply stop flowing. It is already over $3 a gallon in New York City for low grade.

Financial TV must be made up of Peyote Cult members. The talking heads must be devoid of synapses as they babble on about strong economies and what the fed will or will not do on interest rates. These people are outrageous in their lack of vision.

So where do we go from here? The next eight days are totally GEOPOLITICAL in nature. We are ballistic in gold and silver so know your risks. Personally you would have to pry my bullion out of my lifeless hands. I know that gold is going to and through $682.

Gold has key prices at $305, $354.50, $529.40, $682, $887.50 and $1650. All of them are going to occur. Of all these numbers the most important was $354.50 and $529.40. The latter signaled the runaway in gold to $887.50 and $1650. All reactions in between are great opportunities. To take advantage however you have to have money.

Remember the axiom that bulls make $$$, bears make $$$, but pigs do not!

From today adopt the tactic to remove ALL DEBT from your gold and gold share positions. That means sell down to no margin on your shares and to no more than 50% leverage on your future positions.

Take the safe road in all ballistic moves in anything.


jsmineset.com

Go gold!
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