I posted this chart this morning #reply-18559826 -- just in case your still outright bullish on the PoG you aren't alone....an excerpt of something J.S. wrote earlier today (doesn't this guy have a job?):
Be assured that when I believe this bull market is going to end, I will tell you just like I did in early 1980.
Now that only those with a strong cup of coffee among the real gold gang is still reading this posting, the others having been thoroughly tired out, here is the hidden message: Thanks to the badmouthing of gold by two or three PR seekers, getting undeserved publicity on the Internet, thereby scaring the hell out of many of the new non-committed members of the gold community, gold will blow out the first leg of the gold bull market, in my opinion, at between $409 and $418 in the coming weeks. Gold will react back down, but much less than expected, and start the second leg of the long-term gold bull market from prices higher than expected, in a shorter time than expected. Gold shares in the pure gold category will get a long play to new highs, in my opinion, into the top ($408 - $418) of the first leg. Traders reduce by 33 1/3%. Investors take delivery of certificates of core positions and stop watching at $409. Come back when I give a heads up call. I will guide you from the new location only at www.JSMineset.com. Do not buy into what you feel is a sure $420 at $408. I don't think it will be. DO NOT post this anywhere as I will not repeat it until it occurs. Just read it and delete it.
Your watchman, Jim Sinclair |
