Jim Sinclair seems to be confidenta part of today's commentary:
The international investment banks are quite strong and when ready will blast the small cap gold shares into the stratosphere. If you follow your paid gold advisors, you the shocked Gold Community will be sucking your thumb watching your unrealized profits had you held.
So you Golden Comets out there - but only those without margin obligations - please join me. Together, we will stand our ground and ignore the Gold Community paid advisors who only do other people’s bidding. Face the gold shorts with me and we will again prevail to $480 to $500 on this move.
Remember this simple lesson: if you do not sell the shorts cannot cover and new buyers will have to pay. Mark my words, January and February of 2004 is payday time.