RE: Wildstuff, kiwi...Stand aside? sure but that is not what sinclair was saying less than two weeks ago....let's go over what he wrote to the gold community?
from financialsense.com
To The Gold Community
from James Sinclair
The present reaction in gold and gold shares coming so soon on the heals of the June-September experience has caused many of you, most certainly those new to this field, significant discontent. I understand that. However, I stake my 43 years of experience and my hard won reputation on what I am about to say to you.
Take heart. This decline is short-term and only a natural reaction in gold shares which will run its course on the downside, IMO, by October 19th to October 23rd. Many of these share will establish new highs thereafter. Four of the five required fundamentals are in for a long term gold bull market. I am convinced that the "5th Element," a long-term top in 30-year US Treasury bonds will join before much longer.
IMO, having not acted to reduce your exposure by 1/3 on my 9/23 VIP on this site, you should hold your fully paid cash positions in gold equities. I say this because I believe it and I am concerned by your many messages to me seeking my help. My advice to you is my advice to myself.
Regards,
James E. Sinclair
October 10, 2002
Call it what you will....to me my initial reaction to this plea remains correct..."pitiful"
he cajoled everyone to hang in there, staking his reputation and 40 od years of experience it will bottomm by 19-Oct yada
what did he do? ....He SOLD his stock and now is telling everyone to stand aside
So what is the lesson here? these guys are no different from the worldcom analysts and tech permabulls....as there is little difference between a Christian religious fundamentalists and an Islamic fundamentalists
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