Taken from Sinclair's site,

Dear CIGAs,

Euro intervention #5 is taking place at this moment.

There have been four taps on the critical $1.2150 level since we last talked. It is one thing to stand at $1.215 but it is infinitely more important to scare the shorts into covering.

So far the intervention on the first four taps at $1.215 has failed to run the euro shorts. If no follow through is accomplished this time, I am certain that the intervention will fall to the $1.205 level which will signal failure to the marketplace.

Failure on euro intervention #5 will make the hedgies and dirty tricksters very uncomfortable in their present short of gold position. That event should make them very nervous because in a global economy a crisis anywhere is a crisis everywhere.

This time the risk is greater for the Hedgie and dirty trickster short positions than for the insurance longs of gold.

Later