Re: Responsibility...his... 43-101
in response to
by
posted on
Jul 20, 2012 07:06PM
(Edit this Message from the "Fast Facts" Section)
Interesting email from Jim Sinclair today... worth a read.....
About Jim Sinclair
Jim Sinclair is the Chairman and CEO of Tanzanian Royalty Exploration Corporation
(TRX: Altanext NYSE platform, TNX: Senior Toronto Stock Exchange). He is a precious
metals and commodities specialist. Some of the highlights of his nearly 50 year
career include the founding of Sinclair Group of Companies (1977), which offered
full brokerage services. Mr. Sinclair served as a Precious Metals Advisor to Hunt
Oil and the Hunt family for the liquidation of their silver position as a prerequisite
for the $1 billion loan arranged by the Chairman of the Federal Reserve, Paul Volcker.
He was also a General Partner and Member of the Executive Committee of two New York
Stock Exchange firms and President of Sinclair Global Clearing Corporation and Global
Arbitrage .
He has authored numerous magazine articles and three books dealing with a variety
of investment subjects. He is a regular speaker at various commodities related events.
In January 2003, Mr. Sinclair launched, "Jim Sinclairs MineSet," which now hosts
his gold commentary and is intended as a free service to the gold community.
~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~
"Nothing will unnerve the paper gold shorts more quickly and do more to undercut
their confidence than to strip them of the real metal and force them to come up
with more hard gold bullion to make good on deliveries. "Stand and Deliver or Go
Home" should be the rallying cry of the gold longs to the paper gold shorts." --Trader
Dan Norcini
~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~
My Dear Extended Family,
Investor's Spring. Freedom at last!
You know that I have spent a good part of my life in an attempt to better understand
the human experience looking for purpose. I would like to share with you a short
conversation I had with Sai Baba in India in 1986. He said to me "What would you
do if I made you a warrior?" The room was full of spiritually liberal people. I
answered "make great war." There was a collective gasp by the attendees. Sai Baba
said, "Right Answer, Sinclair."
Nobody wants war, but if it comes your way, and is your duty to pursue, it must
be done, and done well. This war has been brought to us by those that would profit
by destruction in clear violation of common commercial code.
These demons do not just short a situations based on a premise and await profit.
They pound mercilessly on the bids, seeking to depress the price.
They sell short the shares index and other funds buy as a means to get large numbers.
They immediately start dirty tricks.
They turn you in to regulatory bodies in the area of your trading and in the country
of your operation on constructed nonsense.
They seek authors to write negative articles from their imagination to insult your
integrity as a company not only where you work, but also where you trade.
They pay people to adopt a multitude of nicknames to post horrific lies about you
personally and your company on chat boards.
They have a trading campaign to sell every instance of good news you have.
They have a trading campaign to sell your positive closes within the last 30 seconds
of the trading day.
They enter orders with brokers who know what they want to happen in sizes larger
than the total average daily trading to sell at the market on the close of Fridays.
They trade other exchange listed shares on the NASDAQ out of line with the listed
close to skew the closing prices to the negative.
They actually paint the charts with their trading to make your situation less attractive
technically.
These are only a few of the standard dirty tricks they execute in order to profit
from these illegal acts to profit from the short which is the fruit of their crimes.
Their offense is violation of common commercial code. The short is simply the means
of illicit profits. I do not intend to preach to you, but rather lead by example.
Your job is to get the attention first of those that are the management and directors
of the companies you invest in that have been manipulated. You may have to be strong
in order to accomplish this.
I am obligated in my corporate position to defend the company to the limit of my
ability. I am obligated to say no, not on my watch. I am obligated to use all means,
including litigation, to protect capital value on behalf of the investors. If I
failed to do that I would be liable to you. This is true of every investment you
have, not only precious metals shares.
Step one of "Investor's Spring, Freedom" is to raise hell with the management and
directors of your investments to take action to protect your interests from illegal
and unethical activities. Tell them remedy exists in common commercial code moreso
than securities laws.
I will let you know what I am doing as I do it. I will lead other companies to protect
you by example.
It is up to you to do one simple thing. Wake up this bunch of brain dead office
decorations, professional campers and rock hounds and get them to follow me in my
march forward.
Respectfully,
Jim
+++++++++++++++++++++++
Slammin