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Gold/Mining/Energy : Precious and Base Metal Investing -- Ignore unavailable to you. Want to Upgrade?

To: TheBusDriver who wrote (4656)	7/26/2002 10:39:03 PM
From: d:oug	Read Replies (1) \| Respond to of 39344

"This guy is slitting his wrists at just the wrong time. Give him a valium, a teddy bear and send him to his room. When his stocks rally back, he will be..." (or) "We need to hear from the grandfathers of the faith!" . Note: Everything here is a copy & paste from the following. . financialsense.com Q & A with Jim Sinclair James E. Sinclair, Chairman & CEO of Tan Range Exploration Corp He discussed "The Fundamentals on Gold." . ... have said many times that all the fundamentals are not yet in for gold. The engine behind the rise in the gold price is the "Risk Control Programs" of the gold banks. . That is a two-edge sword. . As gold rises above $305 towards $330, the "Risk Control Programs" call for dealers to buy gold to maintain the risk factors to buy gold. As gold falls from under $330 towards $305, the "Risk Control Programs" call for the gold banks to SELL the gold they bought to maintain the character of their short transactions and the risk factors they are comfortable with. . ... is why the gold market has been a schizophrenic. . Ignore the pain. It is going to be hard. So what? Who makes millions easily? Forget the Fed is behind the gold attacks. Goldman Sachs and Morgan/Chase are the sellers and therefore it is these two derivative-dealing gold banks that are killing gold from time to time... . Clarification:... did not mean that the Fed had no hand in depressing the price of gold. If I elevate the opposition to governments, I am giving it all too much power and permanence. If we overcome Morgan/Chase's selling, their game is over. The gold dealers cartel has ins with the Fed and they are acting together... . This gold market is derivative-driven on the up and down ever since it closed over $305. There are huge derivative problems all over the street... believe they are naked short and their selling is driven by survival motivation... . Trading is for people of courage and not whiners. Gold is under pressure into August but will return... . ... only two people who predicted this move in gold. I was one and Andy Smith out of London was the other. . What's new? This guy is slitting his wrists at just the wrong time. Give him a valium, a teddy bear and send him to his room. When his stocks rally back, he will be a raging bull buying more. He will of course overstay the bull market and probably...