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There is a nasty game taking place which relies entirely on scaring you out of your wits. Yes, out of your mind, so you sell something of great value for peanuts to the exact party playing with your head via price. When you must look at the action, remember there is a buyer for every seller. That buyer is not scared out of his/her wits if you sell to stop the pain you are in. This period is, in my opinion, the last and largest attack you will see perpetrated on us before gold closes over $3500. This period of pain will not be measured in months, but counted in history as days. Stand firm and stay the course! Words: 787
So writes Jim Sinclair (www.jsmineset.com) in edited excerpts from his original letter/article* entitled Defend Yourself By Not Giving In – Day 2.
[This article is presented compliments of www.FinancialArticleSummariesToday.com (A site for sore eyes and inquisitive minds) and www.munKNEE.com (Your Key to Making Money!) and may have been edited ([ ]), abridged (…) and/or reformatted (some sub-titles and bold/italics emphases) for the sake of clarity and brevity to ensure a fast and easy read. Please note that this paragraph must be included in any article re-posting to avoid copyright infringement.]
Edited excerpts from Sinclair’s letter read as follows:
My Dear Extended Family,
Take this challenge a day at a time. The fundamentals of gold’s price and currency wars underwrite not only a recovery in the gold price, but a move to new highs from the base to be set soon.
You have a weapon that has ultimate power to frustrate the price manipulation. All you need to do is to do nothing whatsoever which will confuse the shorts. The manipulators that focus on moving price down and not selling volumes of gold to accomplish it wager on the fear mechanism of price decline to pressure you beyond your ability to reason logically. What the gold banks and short of gold share funds count on is that you will injure yourself just to stop the pain of loss.
Stay away from the well known chat sites that harbor paid-for bashers that say nearly insane things to scare the hell out of you. If the big boys cannot terrify you to the point of taking your position away from you, a firm bottom will come into play very soon.
Technicals are good, but simply stated, the manufactured downside pressure stops only when it does not work. Those pressuring gold and silver prices clearly are not long position sellers looking to change their positions into cash dollars. This is a solid fact based on the manner of their selling.
If you had 2 tonnes of gold and wanted to sell you would fire any broker that went into any market and yelled “20 tonnes for sale!” when the bid was for 100 ounces only. Take comfort knowing that the early am takedown and takedowns in late Asia time are not valid sellers, but painters of the price for their best interest. Nobody is so stupid as to announce they want to sell a major part of one year’s production of gold or silver when there is no market to absorb any reasonable part of it.
This is a wicked game being played by sociopaths to whom destruction gives both profit and great pleasure. If all the business matters in the shares of the business in gold into which you have invested are working out properly, simply stop quoting it for a few days. If your gold is fully paid for simply stop quoting it.
Have my courage which I freely offer you by knowing that we are absolutely correct in markets made by devils that are bullies whose occupation is theft.
- Gold is the ultimate battle between good and evil.
- Gold is the ultimate battle between deficits and surpluses.
- Gold is the battle between paper currency backed by nothing and guaranteed by nothing versus sound money.
The gold banks are not stupid but they are a form of Wile E. Coyote. True liquidation is not what you are watching. You are watching a game that you have the power not to allow [them] to win.
You have to have courage, and I offer you my absolute conviction of the correctness of being long gold and long good gold shares, long silver and long silver shares at this time. This is war, and you are in the middle of it. Do not let the bastards drive you nuts. They count on you having no ability to stand their well practiced performance. Stand firm and stay the course.
Now that the gold banks have us surrounded we will not allow them [to] have their way with us. They will not get away…. Please ladies and gentlemen, prepare to defend yourself by not giving in to the purposes of the devils we oppose. It is that easy. They are truly devils. They have not one redeeming human quality….
You can do this. You can defend yourself. You need only do nothing, and not allow the enemy to play with your head as they play the price. This is war. Please stand your position…[which] will, in a real sense, give them the high sign, the high one.
We will win, I promise you.
Sincerely, Jim
[Editor’s Note: The author’s views and conclusions are unaltered and no personal comments have been included to maintain the integrity of the original article. Furthermore, the views, conclusions and any recommendations offered in this article are not to be construed as an endorsement of such by the editor.]
*http://www.jsmineset.com/2013/01/25/defend-yourself-by-not-giving-in-day-2/
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