This Play in Gold is Not for $400 But $480

Dec. 11, 2003
Author: Jim Sinclair

From the time Kenny Adams and I informed the Community at $342 gold that his proprietary numbers were on fire as last seen in the late 1970s, the price objective at the extreme end of this move was between $480 and $500.

Of course there would be momentary burps in the market when the gold bears and Community naysayers would run wild. But none would interfere with such a condition of internal strength.

Why do you think I have taken it upon myself - risking the ire of those that rain on parades - to keep you facing the enemy, protected with the tools that the pros use to defend themselves?

The Gold Community Has the Ball In Its Court

Who else is long gold? Who else can sell to satisfy the short positions? Can the hedgers sell anything other than their annual production when the king of hedgers has announced that this process is over? Can the heavy short sellers of shares legally sell more major producer shares short without an up tick? Will secondary gold shares go lower if major producers do not?

Since the answer to all these questions favors the interests of the bullish Gold Community, all you have to do is nothing whatsoever. If you refuse to be stampeded and keep facing the enemy by not running away, gold will move this month into the area of $455. It is your choice to be pro or to fold up your tent.

The US administration, the Treasury and the US Fed wants the US dollar lower and believe me the Chinese are going to accommodate the wishes of one of their major clients.

When Frank Vogl, prior Director of Communications of the World Bank, editor of the Annual IMF meeting publications, and co-founder of the prestigious and extremely important Transparency International (major international anti-corruption organization) and I authored the book, “Boom, Visions and Insights for Creating Wealth in the 21st Century,” chapter four of this book was titled “China’s emergence as a Super Power.” This chapter was broken down into: China’s Leadership and Deng Xiaoping Vision.

Frank and I made the argument that China’s culture was steeped in good business disciplines and negotiating skills. We also said that China and India as well as Asia in general held the key to the coming boom of the millennium.

The business community was then trampling all over themselves, heading to the ex-Soviet Union as the preferred place to be. Frank and I argued for Asia and Africa.

Now the long-term future of the US dollar and the future of gold are in the hands of China and Asia who along with the Islamic interests have bought all the gold sold up to 2001 by the gold producer hedgers, the carry trade wise guys, those who make up COT and all those that disinvested.

Right here gold is in your hands. You can have $455 niw, in December, with the attendant rise that will certainly occur in gold shares if you simply do not let yourself be stampeded.

Stop trading anything gold on margin, stand tall and face the enemy. The enemy, with their many PR plays ,will cut and run.

Then $480 to $500 will be delivered to you in the first month of the New Year. It's certain to go if you behave like a pro.

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