The legendary Jim Sinclair has responded to distraught gold and silver investors over today’s massive cartel take-down of gold and silver.
Sinclair states that today’s price action reeks of capitulation everywhere, and that This event has been a manufactured market move since $1800, with clearly planned and executed intervention. The gold price take downs during low volume periods internationally is a known price moving only tactic.
Sinclair reminds readers that the hardest part of enduring a bull market is to be right and sit tight, and that the cartel’s manipulation will not change the overall trend: A manufactured market event will not change the trend. Even the most professional can be reduced to sheeple by their emotions.
Sinclair’s full alert below:
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From Jim Sinclair:
Article Source: Silverdoctors
Sinclair states that today’s price action reeks of capitulation everywhere, and that This event has been a manufactured market move since $1800, with clearly planned and executed intervention. The gold price take downs during low volume periods internationally is a known price moving only tactic.
Sinclair reminds readers that the hardest part of enduring a bull market is to be right and sit tight, and that the cartel’s manipulation will not change the overall trend: A manufactured market event will not change the trend. Even the most professional can be reduced to sheeple by their emotions.
Sinclair’s full alert below:
The 1 oz .999 Silver Bullet Silver Shield Trivium Medallion is available now from SDBullion at only $2.99/oz over spot, ANY QUANTITY!
Hi Jim,
How should I read the negative pressure over gold and gold stocks? What’s going to change this negative scenario?
Respectfully,
Arlen
Dear CIGA Arlen,
This is capitulation everywhere. This event has been a manufactured market move since $1800, with clearly planned and executed intervention. The gold price take downs during low volume periods internationally is a known price moving only tactic.
I simply shut off the machine because all the regular causes for the gold price will make themselves effective with time. A manufactured market event will not change the trend. Even the most professional can be reduced to sheeple by their emotions.
I refuse emotions and emotional people in a market context. To save yourself from all this that has happened and will continue to happen requires commitment and courage.
You have it or you do not. Admit who you are and act accordingly.
Like every mistake made by Westerners, what you see today is simply driving gold into Asian control.
Jim
Article Source: Silverdoctors