Zeev's Turnips Patch-No Politics (ZEEV)

[basserdan]

*** Jim Sinclair on Gold ***

I see many today buying this dip on miners but in my view they are early. I want to buy but my charts tell me no no no. gg
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Hi opnion,
While I tend to agree with you, JS was making a bold statement a couple of hours ago. The way I see it is even if he is 100% on the money, I won't lose but a couple of percent of potential profits by waiting a while longer for more clarity.

Btw, the rocket's red glare is lighting up Fallujah once again.


Gold Community Heads Up
Author: Jim Sinclair
April 14, 2004, 10:38:00 AM EST

The Price of Gold Bottoms

Here is the back of the envelope version of today’s events -quick and dirty.

I believe that the reaction in the price of gold from $433 is over at the low of this AM. I also feel that this morning's low is the low before we go over $480. I further believe we will go over $480 before you can pick beefsteak tomatoes out of your garden in Connecticut.

I will write later on the reasons but they are humdingers. I put my money where my mouth is so if I am wrong please don't send any nasty grams because I will be too busy beating myself up to read them.

Now look at the charts posted today regardless of whether or not you give a hoot about technical analysis.

http://www.jsmineset.com/ARhome.asp?VAfg=1&RQ=EDL,1&AR_T=1&GID=&linkid=1997&T_AR...