Tuesday, May 20, 2008

Jim Sinclair, word to the wise

Posted On: Tuesday, May 20, 2008, 6:56:00 PM EST

Gold and Dollar Market Summary

Author: Jim Sinclair

Dear Comrades in Golden Arms (CIGAs),

In years to come, market students reviewing gold's price action moving from $600 to $1200 will appear as much of a straight line as any market can produce.

Don't miss the historical move you are in. Look at the big picture.

Don't allow the daily arranged noise to dull your market senses. Nothing gold will fail to perform.

The larger the legal and illegal short, the more dynamic the upcoming move of the juniors will be.

Cancel all open sell orders in gold anything.

The sun is setting on the gold and gold share bearish bullies who wished only to destroy, contributing nothing to anyone but themselves. The world is made up of builders and destroyers, givers and takers. When the book is written, the hedge funds will be seen as destroyers of the financial world and having taken all the wealth of their investors in the process

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