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

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From: heinz44	1/25/2007 1:11:16 AM
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Posted On: Wednesday, January 24, 2007, 5:06:00 PM EST Gold and Dollar Market Summary Author: Jim Sinclair Gold, Silver, the USDX, Euro and Crude: It is refreshing and encouraging to see gold take on a life of its own. It is as if the sleeping giant has stirred. It is an event I clearly recall in 1978. Yes, gold will still be influenced by the condition of the dollar, the price of energy and the state of geopolitics, but not as directly nor in the amplitude of before. This transition is the beginning of the middle chapter of the generational bull market in gold. This episode will sit on the platform now being built in the gold price. Gold is headed to $1650. The end of the middle chapter will be the day in the not too distant future when the price of gold closes above $1000. The end of the middle chapter after some consolidation will be the beginning of the final act. This then is a transition period in which a platform is being set for a major move upwards. There is no straight line so do not look for one. Simply buy the weakness and sell 1/3 on strength. So far it has been a good strategy and will continue to be. Today when energy failed to break on the bearish stocks report, the shorts covered taking crude back up. That softened the dollar and gold multiplied that by going to its high point. Yes, there still are influences that impact the direction of the gold price, but the amplitude of gold on both sides defeats the prior definition of “linked at the hip.” February and March should reward us well for our patience in those two periods in which the window of gold to build this platform existed.

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