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Gold/Mining/Energy : Blue Chip Gold Stocks HM, NEM, ASA, ABX, PDG -- Ignore unavailable to you. Want to Upgrade?

To: Wade who wrote (1306)	1/30/2004 8:03:02 PM
From: Wade	Read Replies (1) \| Respond to of 48092

I feel the same way what Jim Sinclair talked about. jsmineset.com Friday, January 30, 2004, 4:20:00 PM EST Charts Clarifying the Gold Situation Author: Jim Sinclair I want you to compare the chart of gold to that of gold shares. Clearly, there is a divergence in the character of the action. Gold rose to its high in a strong and almost uninterrupted fashion. The question arises as to what drives what. Is this an example of gold shares knowing more about gold than gold itself or is it something else? The answer is simple and obvious. The gold share market is the smallest of small caps of any group of investments that exist. There is no room in gold shares for the active and large trader. Yet, the gold share advisors, who are totally out of touch with the mechanism of the marketplace, have you trading in size that they do not even know. These fellows and gals know their chart craft well but what they do not realize is that they are painting the charts by their recommendation - most certainly those that give singular price recommendations. The gold shares are predicting nothing at all except the eventual abandonment by the gold share community of these totally chart wise but market mechanism weak gold advisors. To a person, none of them have been professional market makers. None of them have traded on the floor of an exchange for a living. They simply have no idea how much of an enemy they have become of the Gold Community. They think that prices appear as if by magic and that the smallest doorway in the investment industry - the gold share market - can accommodate the buying and selling of 250,000 traders that now people this Community. Have the gold advisors killed the gold shares? If the gold share advisors believe honestly in trading everything all the time then why in hell are they in a group of shares that have the smallest capitalization of any investment field? Why don't they take on SIRI or GE or IBM and strut their stuff there. These chart wise but market nit-wits have hurt the gold shares severely. It was their constant pressure on the sell side that caused the gold share chart shown to you here. I doubt they have ruined the gold shares long term but they are damn close to it. If they continue coaching 50% of the gold share trading community about how to pick the pockets of the other 50%, then, yes, they will kill the golden goose. The goose will be dead because no one will want to invest in or trade the gold share market which turns out to have 500,000 participants at the smallest game of musical chairs in market history. I know I am not making friends even among my friends but I am not here to blow smoke and make the sun shine where is doesn't. I am here to protect you and in fact them. They have never thought about what they are doing. Yet they compete with each other to be able to publish the best advertising copy to gain more of your dollars. Now the Precterites enter the scene. I don't know if it is planned but I always get promotional material from this school of thought every time gold takes out one Fibonacci support on the downside. I would wager that these wave counters have a Fibonacci program for sending out flyers saying gold is going to $200 in every gold reaction. What a way to kick gold in the ass while you say, "but of course, after $200 it is going to $2,000." This argument has been made incorrectly now for 33 years and still sells by scaring the dickens out of older members and those with serotonin problems. As my friend Harry Schultz told me: "You cannot herd 400 gold advisors." I said, "I can't but the Gold Community can." First, you should send them this article. Then, if they do not adjust their approach, you might consider not funding an entity that removed any chance of you profiting from gold at $430.30 I trade gold and invest the proceeds after tax in gold shares. I invented my own gold company in order to avoid people I don't trust. I trade gold because no advisor is big enough to permanently screw gold up. Only I can screw up myself if I get it wrong. I like that because I believe in and trust myself. If Mother Nature likes me, I make a score. I do not trade gold shares actively but I trade the dickens out of gold. When I have invested in a gold company, my positions have been as high as 33 1/3% of its market capitalization. My accountant says she thinks I trade sometimes for the fun of it if the day is boring. My answer is of course. Why not as long as it is TA correct?