-->Monday, September 29, 2003

Gold Summary-A Very Short Defection/ Reaction

Author: Jim Sinclair

As Kenny Adams and I discussed last evening, gold’s ability to hold here is not just a good sign, it is a great sign.

I believe that gold will take out $400 on the up side so why not just say that. OK, for better or worse that is how I feel. Gold is, IMO, going over $400 now that all the Fast Eddies have run for the hills.

Once the market closes over $400, the shares should whipsaw hard to the upside. The reason for that is because much of the recent selling was a ratio trade short sale of gold shares to set up gold pros for the fallacious Cartel-created eight week cycle that only the Gold Community has the ability to change.