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Strategies & Market Trends : Strictly: Drilling II -- Ignore unavailable to you. Want to Upgrade?

To: nspolar who wrote (32388)	9/9/2003 12:23:13 PM
From: Fitz	Read Replies (1) \| Respond to of 36161

Jin Says Tuesday, September 09, 2003 Gold Morning Summary Author: Jim Sinclair This is not the time to gloat or to ease up on your discipline. In fact, it is time to tighten up your mental muscles. We have the shorts cornered this time. I had a few emails calling me a “Bag of Wind” over the weekend because gold did not run hard up on Sunday night. You never sit there buying and thinking you are pressing a short. You are not. You are in fact being a patsy. You use the strength of your opponent to beat your gold adversary. When the Cartel goes for cover, you remove their cover by running hard ahead of them. Never go for the jugular but rather sell to them at some point to do guess what – to get your ammunition back and I expect for many of you that has already been done. Then you sucker them into renewing their shorts by backing out of the marketplace. You buy on reaction or as two weeks ago when they tried to run the shorts three times. As in auto racing, when the number two driver thinks that he/she has the line to pass you on the inside corner, you shut the door hard. Later this week, if not today, a gold public is going to come in hard buying when the Cartel is trying to cover and then you go for the jugular. It is a matter of timing when to slam the door shut. That is how we get to $433 if the god of worthy recompense blesses us. Some called me more colorful names than the mild title, “Wind Bag” when I said I was tired of my gang being had at $330 and now we were going to $400 and plus. Well we are there and going higher. We have the wind at our back now because: 1/ President Bush caste the die over the weekend when asking for over $80 billion to finance the military campaign. I say this without any political agenda. That is not my business. Markets are my business. The US is not going to look for a quick end to this and the UN is not going to pick up the bill. Oil income is not going to offset the expenses because the pipeline is going to blow to the moon every other day. 2/ Currencies are supportive to gold. 3/ The Bond market is again quite supportive to gold. 4/ Technicals are screaming for well over $400 and maybe $500. 5/ COT is revealed to be the Con that it is. The Commercials are going to prove that to you because they will be screaming out over $430. Important Note on Gold Shares In the 1970’s, there was a bakery listed on the AMEX that had as its first name the word “Gold.” Every time gold ran up, the bakery ran with it. This type of phenomenon in gold shares will occur on the break above $400. However, remain disciplined and sell smart, not stupid like some did yesterday. Two examples yesterday of selling in an undisciplined and ill-informed manner are listed below. I am not arguing with anyone who wishes to sell. That is certainly a right and for 1/3 of position is, IMO, right when done SMART! I am only suggesting disciplined sales if any. The two examples are RGLD & GLG. I have charted them for you. Why were those sales yesterday ill advised? Put you mind into yesterday when and if you answer. PS: We'll have the charts up in a few minutes