James Sinclair to his followers holding miners.
(See the reversal in 10 years yields at the bottom)
To The Gold Community
from
James Sinclair
The present reaction in gold and gold shares coming so soon on the heals of the
June-September experience has caused many of you, most certainly those new to this field,
significant discontent. I understand that. However, I stake my 43 years of experience and my
hard won reputation on what I am about to say to you.
Take heart. This decline is short-term and only a natural reaction in gold shares which will run
its course on the downside, IMO, by October 19th to October 23rd. Many of these share will
establish new highs thereafter. Four of the five required fundamentals are in for a long term gold
bull market. I am convinced that the "5th Element," a long-term top in 30-year US Treasury bonds
will join before much longer.
IMO, having not acted to reduce your exposure by 1/3 on my 9/23 VIP on this site, you should
hold your fully paid cash positions in gold equities. I say this because I believe it and I am
concerned by your many messages to me seeking my help. My advice to you is my advice to
myself.
Regards, James E. Sinclair October 10, 2002
10 year yields, good reversal action, went out on the highs for the last couple of weeks, cross of the DMIs.
stockcharts.com[h,a]dbcaynay[pc50!c20!c100!f][iut!Ll14!Lj[$tyx]]&pref=G
Awaiting the 19-23rd of October.
jims101 |
