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Strategies & Market Trends : Ride the Tiger with CD

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To: Louis V. Lambrecht who wrote (51763)	5/15/2006 12:07:55 PM
From: Proud Deplorable	Read Replies (2) of 312930

If You Can’t Take The Heat... Author: Jim Sinclair Dear CIGAs, You have not seen the top in gold by a long shot. This is only the beginning of how ferocious the gold market will get. The TIC report came out today. For the first time in 6 months central banks are net sellers of US treasuries. That is an event that will significantly impact the US dollar on a second occurrence and create new lows on a third consecutive repeat. The importance of the TIC report is that a deceleration of buying US treasuries is serious in itself, but net selling is a fundamental weakness of the dollar that condemns any technical rally. The gold price has fully rejoined the dollar so unless some magic can be done to make the markets forget today’s TIC report this reaction could easily be just a fierce knee jerk event caused by the action funds, the original bulls in a China shop. You can now see with 20/20 vision why margin cannot be considered by any aggressive investor or trader. President Truman said “If you can’t stand the heat, get out of the kitchen.” That has to be a new mantra for gold anything. It will take commitment and courage to profit from what is to come. It will take a strong mute button to ignore the top callers who will be barreling out of their lairs to drag you down today. Stay focused, get a grip and keep it firm. jsmineset.com

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