Friday, June 19, 2009

GOLD IS IN A GOOD POSITION TO RALLY WITHIN THE BLUE INTERMEDIATE UPTREND CHANNEL...IF IT DOESN'T FALL BELOW IT


THIS WEEK IN GOLD TRADING


2:15PM PDST AFTERNOON GOLD CLOSE



HOW FAR WILL THE BOYZ LET THIS RALLY GO?


A LEDGE OR THE NEW UPTREND CHANNEL?



212+ BUYERS AT 93310






GOLD MOVING HIGHER ON GOOD VOLUME




DOLLAR FALLS, EURO MOVES HIGHER, BONDS TOPPING


GOLD IN A TRADING RANGE FOR NOW, EXTREME MANIPULATION PREVAILS


There is no reason for me to comment on the moment to
moment convulsions in this totally manipulated market for
now. Unfortunately, we have to watch the market constantly
for the breakout which is soon to come.
The minor blips in this market are made on very light volume,
or are immediately sold off.
The only thing to do is maintain the long positions you have, so
when the market does take off you are on board, or to buy any
severe dip to be held for the long run.
I would suggest you buy OCTOBER GOLD for that move as it
will give you more life in the contract. Even DECEMBER GOLD
would not be out of the question.
The big question now is: DOES THE CRIMEX HAVE ANY GOLD
to deliver? Since January, they have been delivering only THREE
bars of mini gold size, otherwise you get a Warehouse Delivery Receipt
(a piece of paper!) if you only have two contracts.
The larger bars are still delivered, but there are reports that the
warehouse is making it very difficult to take delivery, a sign that
they don't have the gold on hand that they say they do.
More than likely it's been sold or lent out to depress the market by
the shorts. The Crimex is more than likely now a CRIMINAL ENTERPRISE
that will not be charged with the crime until it's too late to do anything
about it. (The metals will have disappeared !)

SHORTS ARE GOING TO KEEP POUNDING GOLD DOWN UNTIL THEY ARE ABLE TO COVER THEIR POSITIONS, THEN GOLD IS GOING TO EXPLODE


Posted: Jun 18 2009 By: Jim Sinclair Post Edited: June 18, 2009 at 10:24 pm

Filed under: General Editorial

Dear Friends,

There is no better proof that we are getting extremely close to the Armstrong/Alf point of lift off than the violence of the shorts in their desire to cover both in paper gold and the long suffering junior gold shares.

The method used is to increase the short position now while we are waiting for the uptick rule to be reinstated all while driving a bulldozer of selling into markets. This selling is not to sell shares as much as it is to make a grandstand play to shake the confidence out of the bulls.

This type of strategy in paper gold today and many of the highly shorted junior gold shares is to ignite the passion of fear in holder’s hands, therein allowing the shorts to make cover.

Call or email your company and inquire about their fundamental position. If it is good, then be sure you are witness to a strategy that is as old as markets themselves. This strategy is used by bulls to run shorts, and shorts to make cover depending on the circumstances.

In my opinion we are very close now to the best and longest move upwards in the gold market.

Gold is going to $1650 and then on to Alf’s numbers.

The US dollar has nowhere to go as its support here has been only algorithms and coordinated statements of support, but actions to the contrary by the BRICs.

Stay the course.

Sincerely,
Jim

Thursday, June 18, 2009


GOLD WORKING ITS WAY BACK UP AFTER BEING MANIPULATED DOWN ALL DAY





2:15PM PDST AFTERNOON GOLD CLOSE

GOLD MOVES DOWN A BIT INTO THE CRIMEX CLOSE


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THE BLUE UPTREND LINE EXTENDS UP FROM THE MAJOR LOW AT 86750 AND SHOULD HOLD GOLD ALONG WITH THE YELLOW UPTREND LINE


The WHITE downtrend channel resolves UP.


This is a totally manipulated down move and makes no
sense whatsoever in light of what other markets are doing.
These are the last desperate antics of the shorts before they
are wiped out in one of the biggest bull moves in gold's history

GOLD TROUNCED A LITTLE LOWER TO THE 75% POINT




GOLD STOMPED DOWN TO THE 75% POINT AT 93240




The boyz are working hard today.

GOLD MARKET IN A STATE OF TOTAL MANIPULATION TODAY




BONDS FALL LOWER, DOLLAR SLIPPING TO ITS LOWS, EURO UP, DOW UP, OIL UP


Gold coming off its recent low as the other markets
now support higher gold price even more so than
they had earlier in the day

GOLD FORCED DOWN BY THE MANIPULATORS


Gold stops at the bottom red downtrend channel line that
was just redrawn to include the new high just made. It's
not magic folks! Everybody uses these charts and draws
the same lines. They know exactly where to buy and sell
according to the lines and the fibonacci numbers.

TRENDLINES REDRAWN





BONDS DROP PRECIPITOUSLY, DOW UP 80, OIL UP STRONGLY, EURO ALSO UP


Gold being suppressed contrary to the actions of other markets
Dollar has dropped to a low of .8050, currently just above that
at .8058