Silicon Investor (SI) -- The First Internet Community

STOCKTALK

We've detected that you're using an ad content blocking browser plug-in or feature. Ads provide a critical source of revenue to the continued operation of Silicon Investor. We ask that you disable ad blocking while on Silicon Investor in the best interests of our community. If you are not using an ad blocker but are still receiving this message, make sure your browser's tracking protection is set to the 'standard' level.

Strategies & Market Trends : Ride the Tiger with CD -- Ignore unavailable to you. Want to Upgrade?

To: Louis V. Lambrecht who wrote (51763)	5/15/2006 12:07:55 PM
From: Proud Deplorable	Read Replies (2) \| Respond to of 312839

If You Can’t Take The Heat... Author: Jim Sinclair Dear CIGAs, You have not seen the top in gold by a long shot. This is only the beginning of how ferocious the gold market will get. The TIC report came out today. For the first time in 6 months central banks are net sellers of US treasuries. That is an event that will significantly impact the US dollar on a second occurrence and create new lows on a third consecutive repeat. The importance of the TIC report is that a deceleration of buying US treasuries is serious in itself, but net selling is a fundamental weakness of the dollar that condemns any technical rally. The gold price has fully rejoined the dollar so unless some magic can be done to make the markets forget today’s TIC report this reaction could easily be just a fierce knee jerk event caused by the action funds, the original bulls in a China shop. You can now see with 20/20 vision why margin cannot be considered by any aggressive investor or trader. President Truman said “If you can’t stand the heat, get out of the kitchen.” That has to be a new mantra for gold anything. It will take commitment and courage to profit from what is to come. It will take a strong mute button to ignore the top callers who will be barreling out of their lairs to drag you down today. Stay focused, get a grip and keep it firm. jsmineset.com