I see gold is once again taking it on the chin this morning. Technical Analysts may be tricked into believing we just had a triple top in gold at the $1000 level, therefore, that's it for gold. Time for all the chartists to sell gold, right before the fundamentals rule the real reason gold will be screaming higher. Thus, leaving a vast majority of gold believers left in the dust wondering what the heck just happened. Not believing they were just hood-winked.

Also, it's the perfect time for the Cartel to discredit Jim Sinclair. Jim has told us all many times that the third time through $1000 would be the time gold then never looks back. Of course we all know there's going to be a battle at the $1000 level, and Jim did not say that simply touching $1000 is all it would take. Heck, we didn't even get a close over $1000, so it actually hasn't been tested yet.

The Cartel will suppress gold to their dying breath which is fast approaching in a few weeks. This short retreat from $1000 is the perfect chance, and time, to unload the most amount of defeated gold investors possible right before gold launches skyward.

The Cartel uses the charts to fool technicians, and I personally don't trust the charts just because of all their chart painting, especially in the gold and silver markets. Heck, just look at what the PPT can do with the DOW by manipulating S&P futures. Well, guess what the COMEX is.

Fundamentals are ruling gold's rise, not charts. The Chinese aren't buying as much gold as they can because of a gold chart pattern. They could give a squat about charts, but they also know the Cartel's tricks and use the Cartel's generated gold dips to buy gold as the price drops.

The whole system is crumbling. Jim Sinclair knows it, China knows it, and we know it. I want to be a survivor, not a fooled fool.

Terry