Jim SinclairPosted On: Tuesday, July 10, 2007, 4:04:00 PM EST
Proof The Shorts Are Frantic To Cover Gold Shares
Author: Jim Sinclair
The story is simple
The truth is simple
The lies are Complex
Dear CIGAs,
All you need to do is to review the chat groups from Yahoo to Stockhouse to see the almost demonic ravings against good companies that clearly has to be profit driven by the short side. It is hard to believe that anyone can hate as much as these chatters do unless there was a significant profit motive.
Their accusations are so bizarre that the only thing they have forgotten is to call management registered sex offenders and devil worshipers. These are frantic ravings which hope to panic a market in order to cover a short position. Every dirty trick well known to market manipulation is being applied. Too bad it will not work.
The shorts are frantic to cover in gold and gold shares as the dollar shows no bound now on the 3rd strike at .8050. Either now or one more hit on that level of the USDX and .7200 comes into play. That puts gold on the road to $761, $887.50 and above $1000.
Precious metal shares and base metal shares will not be hoodwinked here by the shorts that have pulled out every stop to try to panic the holders to cover. It is so obvious that it is almost silly!