Jim Sinclair’s Commentary October 1, 2012

All this talk in the community of cycles and one more decline before a bonanza rise strikes me as disinformation and meaningless when $3500 is pulling gold up. As soon as the big boys have all your gold and gold shares you are willing to give them of the good gold companies, the manipulators will be on the long side just like in 1979-1980.

There is no way that the present giant shorts in the good gold shares can cover. [billions of naked short sales in Silverado Gold Mines] The only reason they are not yet in panic is their long period of winning has made even the smartest of them stupid [and greedy]

If you did not need to cover for a long time you dream that you will never have to. If today was not an experience of "Shaking the Tree to Pick Up the Fruit" in both shares as well as gold, I have not been watching gold and currency for more than 50 years.

The manipulators take their lead from the euro these days and push gold hard in the same direction. Watch the euro to define the direction of gold on the day. Good charts are available to you on INO.com.