Notice to the Gold Community

December 7, 2003
Author: Jim Sinclair

In terms of positive internal numbers, this gold move still has the mind-blowing, bullish potential it exhibited at $342 - both in the long and the short term.
 
This particular condition is a rare event which I saw only a few times in the bull market of the 70s. In fact, we could be heading for $529 right here and now.

Kenny Adams and I have strong feelings about the potential for a major move in gold and we firmly believe this is the "Big One."

When a reaction occurs, as it always does within a major move - be it in the 420s, 430s or even 450s - the gold bears will think they have finally succeeded.

Such a reaction will just be another "bear trap" as they've been since gold traded at $342. The reaction will be swift before it reverses again and moves upward to make even higher highs.

So if you reduce your positions into strength along the upper ranges of the Power Up Trend channels or by any other TA signal such as a French Curve completion and then internal indicators, be prepared to re-enter swiftly at lower levels.

As we informed you at $342, this is a major move that remains fully in place now at $407.50 versus February Comex gold.

To those gold bears, including producer hedgers, carry trade wise guys and simple gold shorts who are still entertaining enormous short positions, we wish you no harm. However, if you don't cover, you are going to be royally flattened and possibly bankrupted.

You are standing directly in front of a runaway freight train which from both a technical and fundamental perspective looks more like a raging bull than anything we've seen in recent history.

In this case, the light at the end of the tunnel is a freight train and it's heading directly towards you. 

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