-->Friday, September 19, 2003

COT in the (Final?) Act

Author: Jim Sinclair


Certain commercial interests are reaching the point of zero financial return. I believe that I know the exact price at which there is no discretion left and predict there will be a major defection within the Gold Cartel of Common Interest due to an intolerable loss on their short positions in gold in all the forms taken.

The cover will, IMO, take gold to the original post $400 target we gave you when gold broke above the $324.50 level. However, the technical effect of that will be as dynamic to the gold market as it was when the gold price crossed $400 in the 1968-1980 bull market.

There are no defenses, IMO, against going over $400. The short side is in retreat as we speak. You are winning and I believe it is this encampment that by discipline will be credited with winning the war.

When it gets over $400, the entire character of the gold bull market moves into a dynamic second phase. You, the Golden Comets, get the entire credit. Your pins will be worth much more than the gold it took to make them.

When this is done, I may elect not to issue any more Golden Comet pins. So yours will become the merit badges they truly are.

Request them immediately if you haven't already. They came out beautifully. Along with a signed certificate of merit for you personally, they are my gift to you!


http://www.jsmineset.com/home.asp?VAfg=1&RQ=EDL,1&AR_T=1&GID=&linkid=1179&T_ARID=1174