GOLDTRADER'S GROUP: 6/14/09

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

2:15PM PDST AFTERNOON GOLD CLOSE

HOW FAR WILL THE BOYZ LET THIS RALLY GO?

A LEDGE OR THE NEW UPTREND CHANNEL?

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

The Armstrong/Alf Countdown

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