Legendary gold trader Jim Sinclair sent out an email alert this weekend advising readers that the current rally in gold and silver is the long awaited BIG ONE, that $50 silver is a given here, stating that the current move: This gold bull price phase is the one long predicted here that will return the most money to the fewest in the shortest period of time.
Sinclair states that as long anticipated, the bullion banksters have flipped and have clearly begun manipulating gold and silver to the bullish side, as the most massive move of the entire bull market lies directly ahead.
Sinclair’s full MUST READ alert is below:
From Jim Sinclair:
The manipulation of the price of gold now favors the bullish side of the gold price structure.
1. After an excruciating wait we have entered the first of two bull price bull phases, this the first of which will that will take gold to $1650, the old high and beyond.
2. In this gold price bull phase the good gold shares will participate and in percentage terms the best will lead.
3. Certain gold producing juniors are going to become majors.
4. Assuming the major gold companies take huge write downs due to their lax in management, they will get meaner (if that could be) and perform in that business the way they should have from the day gold broke above $529.40, moving its price into a run away. Their recoveries will be spectacular.
5. The gold phase we are now in, which I call the first move towards full valuation, is long term and not to be counted in daily, weekly, or monthly increments.
6. This gold bull price phase is the one long predicted here that will return the most money to the fewest in the shortest period of time.
7. Silver has gained back it’s mojo, and therefore $50 is a given for it.
8. The reason that major Bankster’s physical precious metals storage facilities are for sale is one of the strongest reasons that the old high in the gold price will be beaten. They are not for sale because business is bad. The reason to have a depository was to manufacture a synthetic short in gold legally by taking funds for physical but trading the COMEX and OTC derivative gold market to fulfill the appearance of covering their obligations.
This game was not high risk as long as paper gold had full control of the gold price determination. They could have $1000 losses on the short and turn it into a profit via spread trading using the warehouse as plausible denial from manipulation. The banksters, now the major longs, do not select to play this game anymore. The manipulation now favors the bullish side of the gold price.
9. Now the banksters are on your side as you can easily see in the press session trading internationally.
10. JSMineset is named as it is because it represents a mindset that gold is for savings and fiat currency for transactions.
11. The three entities that called the $1900 in gold are back long. Bo Polny was first and is full out bullish. Nenner went long about $100 points higher, but you could see his lack of confidence in his position through his cautionary verbiage. Rambus1 toyed with being long but until recently was not firmly in a gold price bull market mindframe of trading. Therefore it is a simple fact that Bo Polny won this round among the gold market technicians as he fully committed his reputation and capital.
12.The gold price will make a new high on this phase and much higher highs on the one to follow.