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Message: Jim Sinclair and Junior Share Price Manipulation (Worth a second Read)

Jim Sinclair and Junior Share Price Manipulation (Worth a second Read)

posted on Mar 05, 2008 04:55AM
 

But I can tell you after the market began to go my way I felt for the first time in my life that I had allies - the strongest and truest in the world; underlying conditions. --Jesse Livermore

Posted On: Tuesday, March 04, 2008, 5:17:00 PM EST

Gold and Dollar Market Summary

     Author: Jim Sinclair

 
 
 

Gold Shares:

The shorts now are now becoming a tad frustrated as they hammer the juniors at every opportunity only to see their sales put away by players as big or bigger than they are.

The minute gold broke down today most issues meet at least 100,000 short sales put in as market orders on the downside. Any pro knows that this was an attempt to manipulate price lower and NOT to sell 100,000.

My message is “Come on suckers, sell some more. If today is the best you can do then you are more worried than even you know.”

Posted On: Monday, March 03, 2008, 8:58:00 PM EST

Gold and Round Numbers

     Author: Jim Sinclair

Down to business:

  1. Gold has never made it thorough a round number without a battle. You may recall every 100 points since $248 gold battled at each $100 mark.
  2. To assume we are going through $1000 with ease can only occur if my $1650 magnet is so low it is silly.
  3. I don’t assume that.
  4. The real number is not $1000 nor $1050 but rather $1024 with a maximum over run of $26. You may recall I suggested the run to $1000 was going to be as straight up as markets can perform.
  5. I would expect a break above and then some rotation around $1000 until the third day above $1000. Following that it is off to $1650.
  6. I will give you more minor angels as we move past $1024.
  7. The ratios long the majors and short the juniors sold as an OTC derivative by the same geeks that have brought you the end of the financial world as we knew it, also produced the gold share ratio spread.
  8. This spread is starting to contract now as the majors decelerated their climb and the juniors in the main have decelerated or ended their decline.
  9. The US dollar has been for a long time and is now totally hopeless.
  10. The price objective on the downside of the dollar is .5200. It will get there.
  11. Gold is going to $1650. Remember this. It will get there.
  12. No commodity share is going down when the underlying asset of the company is going to establish at least an appreciation of 665% from the low. The geeks only look at the momentum of a spread once again forgetting a thing called a market. When the recent OTC derivatives skewing a market explodes, as it will, the juniors will fire out of their silo like an ICBM, doing nuclear damage once again to those criminals and their overloaded laptops
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