It sure helps to have so many intelligent opinions. Clear-headed and objective analysis can be so helpful to those of us who may be stressed a bit and more subject to the pitfalls of our emotions. The dogged, long term gold bugs have been suffering from a very long, offensive campaign waged by those who have tried with all their fiat and political power to stifle the Canary in the gold mine. Naked shorting has been just one of their successful, stealth attack weapons. Thank goodness for the fundamental laws of economics which, currently are gathering massive countervailing forces which can not and will not be denied.

The SFMI stock buyback and dividend programs, if implemented, will be most positive indeed. I tend to be too focused on the incredible potential of this venture at times rather than it’s fundamental business drivers. There is a strong wind at our backs as per the following.

Posted: May 10 2009 By: Jim Sinclair Post Edited: May 10, 2009 at 8:06 pm

Filed under: General Editorial

Dear CIGAs,

The following is Alf Field’s Gold price predictions:

We are presently in Major Up Move Three.

Major ONE up from $256 to $1,015 (actually 4 times the $255 low);

Major TWO down from $1015 to $699, say $700 (a decline of 31%);

Major THREE up from $700 to $3,500 (a Fibonacci 5 times the $500 low);

Major FOUR down from $3,500 to $2,500 (a 29% decline);

Major FIVE up from $2,500 to $10,000 (also a 4 fold increase, same as ONE)