Legendary gold trader Jim Sinclair has sent an email alert to subscribers urging PM investors to stay the course, and to prepare to defend themselves against the bullion bank cartel.
Sinclair states that gold and silver investors can beat the devil by gold and silver non violent resistance. Sinclair states that simply not selling, and refusing to capitulate in the face of continued gold and silver manipulation will be enough to beat the devil known as the bullion banking cartel.
The most experienced gold trader among the PM community urges readers to defend themselves by refusing to trade in the paper futures markets, and by not doing anything- just be right, and sit tight.
Sinclair’s full alert is below:
From Jim Sinclair:
If you wish to be effective in the gold market there is a very simple way. The gold price is not attacked just for some pleasure of seeing the quote down. From simple shorts to complex 2nd and higher derivative positions it requires somebody to do something to profit on lower price. It requires you to panic to accomplish the downside among the paper gold traders.
To frustrate the short do nothing at all. When the gold market rallies you can doubly frustrate the short if again at the beginning of the rally you do nothing.
You need only not to trade the paper gold market to thwart at least your contribution to panic. You need only to hold your fully paid shares in a gold or silver entity if it qualifies as sound to frustrate the short hedge fund.
You can defend yourself effectively by doing absolutely nothing.
Gold will rise to $3500 and above. Make sure you are there when it happens. Simply stop quoting it because that is the temptation to trade it. If you starve the paper exchanges of paper contract trading the game ends there. If the patsies do not show up on the paper exchange to be skinned, the skinning will stop. Join gamblers anonymous if you have to. Ladies and gentleman, prepare to defend yourself by doing nothing.
You frustrate any take down if you cannot be taken down. Stop giving the paper exchange your business and the paper exchange will stop. Here is an absolute way to beat the devil by “Gold and Silver Non Violent Resistance.” Then we practice “Non Cooperation” as you exit the financial system as fast as you can, adopting direct registration or certification where it still remains. Keep your bank cash not in the bank, but rather in fully paid gold coins and sell a few when you need funds. Bite the tax bullet and get out of those retirement plans which really are plans to confiscate or direct your retirement funds into instrument of confiscation and treasury bonds.
My courage comes from the founding of the 13 colonies’ independence. The pamphleteers of today are the bloggers not selling anything to their readers.