Sinclair delivers a SMACKDOWN to the CIGA Sheeple!
Time to crawl back in the hole & pull a rock on top?
Jim Sinclair personally delivers a smackdown to the CIGA sheeple....
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From: jsmineset.com
Posted On: Friday, December 15, 2006, 5:27:00 PM EST
Gold and Dollar Market Summary
Author: Jim Sinclair
Dear CIGAs,
Postings are sent to my editor in Vancouver, BC from my office in Sharon, CT. As you may have read, the Northwest was largely out of service today. As Murphy’s Law requires, Mother Nature picked a day when I am sure you needed to hear what was happening but more so WHY.
It was all about the TIC report today and nothing else. The TIC report's positive basis is due to the raging equity market and on balance positive US treasury market. It was NOT a desire by international central banks or investors to finance the ever overspending of the USA as reporters would have you hear.
I am shocked at how fast people push the panic button without even seeking the facts both in gold and good gold shares. I imagine it will never be different no matter how hard I try to transfer the discipline of a professional to the public.
Jim, it's called being "Doomed by their own DNA."
Today's event was the phony TIC only, nothing more.
The thought that two wars plus the binging, ever spending, credit ridden, American consumer is going to be saved by a bull equities market attracting international capital forever is mad-mad-mad.
Gold was thrown out the window by the black boxes only to be followed by the panic-ridden confirmed gold people.
Good gold shares got hit based purely on emotions. Nobody checked the facts, nobody, not even the near and dear.
...sounds like he's losing it here sheeple.
People ignored reason and once again pounded weakness. There isn't a chance of a snow ball in hell that the rule of buy weakness and sell strength will be adopted by this community.
...and why would they? You've yet to EVER identify a TOP to sell into...of course, they will continue to be shaken out, again and again, and again and again on the pullbacks.
At $1650 most of you will be selling the kids to buy gold shares at, in all probability, ten times tonight's quote. Pin this up on your wall because it is going to happen.
The second week of January 07 the gold window will open wide again. Gold will have formed a bottom well before this.
Gold is going to $680 and to $750, then on to $1650 despite all the lies and spin on Earth.
Today was total nonsense and completely emotional, bordering on manic.
Hmmm? Emotional & Manic? ...talk about the pot calling the kettle -- black <vbg>!?!?
Shame on those that always buy strength and always panic on weakness. Will it ever stop?
Shame on YOU Mr. Jim Sinclair for always imploring them to "HOLD TIGHT" at the speculative blow-off tops - which of course leads to their panic on weakness!
Try looking before you leap. It is really disappointing when those near and dear who have had the greatest amount of my time violate every rule in the book right in front of my eyes.
-- James Sinclair
.....................
.....demonstrating his patented trading technique
of crawling in a hole & pulling a rock on top."
SOTB |
