sinclairLegendary gold trader Jim Sinclair sent an email alert to subscribers tonight, advising gold investors: As Gold and Gold shares rise from the lows, do not sell.  As the bottom of this reaction of the gold price sets in cement, please do not supply the shorts covering with your gold and good gold shares.

Sinclair states that Gresham’s Law is propelling gold back into an accepted monetary form, as the BRIC central banks attempt to accumulate 15% reserve balance in gold
The economic axiom known as Gresham’s Law is operating in the Central Banks of the BRICs whereby gold is being accumulated with a goal of 15% of the reserve balance. The goal of 15% of reserves are the currency gold, and gold’s ascent in the marketplace due to the effect of Gresham’s Law to an accepted monetary form.

Sinclair urges precious metals investors to sit tight and hold onto their gold through the coming volatility as gold breaks through $3,500 and $4,00 and heads to $4,990/oz.

Sinclair’s full alert is below:

 

2013 Gold Eagles As Low As $74.99 Over Spot At SDBullion.com!

2013 Gold Eagle

 

 

From Jim Sinclair:

As Gold and Gold shares rise from the lows, do not sell.

 

There is no doubt in my mind that the price of gold is going to and through $3500 with unimaginable volatility. All that anti-gold forces can accomplish is to add outrageous volatility to the gold market which will continue and increase in price spread for both the ups and downs.

 

The economic axiom known as Gresham’s Law is operating in the Central Banks of the BRICs whereby gold is being accumulated with a goal of 15% of the reserve balance. To create this reserve goal you can reduce the fiat reserves as well as increase the gold reserves. You can reduce your fiat reserves by long term contracts in dollars by parastatal accumulation of resources and the means of production as China has done in a huge way. China therefore due to dollar contract settlement needs over years has hedged a great deal of their dollar position. The goal of 15% of reserves are the currency gold, and gold’s ascent in the marketplace due to the effect of Gresham’s Law to an accepted monetary form. This is something the West has no control over. All the West can do is to attempt to inflict outrageous volatility into gold thereby trying to make confidence in the price of gold hard for those that do not understand. This is what has just happened.

 

All you need to do every time the US Treasury and Fed seek to make the gold market outrageously volatile via their friends, the gold banks, is to do nothing. Consider the volatile gold market to be the lion in the following video CIGA Pat sent to us. You are the photographer. Accomplish in the marketplace what this wildlife photographer did in the field, and you will still have all your gold insurance when gold finally trades solidly at $4400. When gold breaks above $3500 and $4000, as it will do, the US Treasury and Fed via their friends and relatives at the Gold Banks will run gold from $3500 to $4990 and back again a few times before gold settles into the currency as described above at $4400 for the beginning of the greatest economic expansion the world has ever seen.

 

There is a writer made famous in the gold community in their rare ability to feel the pain of another who wrote a now famous article while un-free titled, “Gold $5000.” He is now scaring his benefactors by calling for gold to return to a very long term uptrend line at lower prices. Should that occur, he is willing to sell you his system as a computer program for $20,000,000 US dollars. Knowingly or not, he is a tool of the Gold Bank’s banks to create unprecedented volatility in the gold price.

 

You must have a brain to know and eyes to see in order to understand what the end game is. Know that you have a tool to fight back, which is explained in the following video. Stand emotionally and mentally silent, doing absolutely nothing whatsoever as the Gold Banks play the Western egocentric dislike for gold’s final roll in the end game.

 

When the lions are close, all you have to do is do nothing. This is the Constitution of the Comet’s Gold Resistance Movement. As the bottom of this reaction of the gold price sets in cement, please do not supply the shorts covering with your gold and good gold shares.

 

Lion sniffs cameraman's crotch | Crazy Cameraman Ep7
Lion sniffs cameraman’s crotch | Crazy Cameraman Ep7

 

 

SD Bullion

    • Mr Sinclair says the final raid will be over sometime this month.  Thats a fairly general prediction.  To my knowledge, he didn’t say that metals would be materially higher by Mar 27.  If gold and silver just trade sideways to and thru March 27 than we can say that he might be right on his call.  If Mar 27 comes and goes and then we see more raids that take metals down thru current levels than we know that Mr Sinclair was wrong.  That means the raids have not stopped.  I am not convinced that the banks have reached their current price objective.  I thing they want silver down towards 26.  But, I am just guessing.  If they can get the price down near 26 they might be able to cover a lot of their old short positions.  I am sure they plan to rinse out as much of those shorts as possible before they take a different approach and go long.

    • Pollo… their shorts could use a good rinse, IMO.  ;-)
       
      As for myself, I care not what games they play, only how many ounces I can collect before this entire naked shorting / massive paper dumping B$ program blows up in their faces. 

  1. There is one thing about holding physical PMs instead of paper, AND holding large amounts.  One learns the hard lesson of being patient.  The people and institutions that hold down, suppress and manipulate the prices of these commodities do appear to have patience in abundance. They’ve been doing this dance for decades and maybe even centuries.  Whole generations of manipulators have worked long and hard to wear down the holders of physical.
    As we approach some sort of tipping point or currency crisis, it’s clear that our many months and years of patient waiting will be vindicated.  The hardest part of this process is the last portion of that time needed to stay the course and see this ‘thing’ through.
     The temptation to jump, even when the end game is in sight, is normal human behavior.  I am not sure what the ‘thing’ will be but whatever form it may take will be sufficiently harsh to make all the  patient waiting worth it.

    • Personally, I have no patience at all.  Zero.  Silver should be over 50 per oz right now.  Period and end of story.  I don’t sell because I am stubborn.  Eventually we will get a break.  I do have my next step planned out though.  But, I may have a year to wait before I can execute.

    • Agreed, AG.  These guys are holding the lid on this pressure cooker and, she’s gonna blow!  We can’t know when this will occur because we do not know the nature and scope of the resources they can bring to bear on it.  Still, the general trend CAN be ascertained and any number of people, most notably people like Gerald Celente, have pretty well outlined it.
       
      None of the money that I have used to buy PMs is something that I need in the short-term.  PMs are too volatile for me to do that with them, so this is long-term money.  This gives me the advantage of not being forced to sell when prices are down.  I can hang on for as long as I need.  If that is longer than my own life, then so be it and I will pass the baton to the next gen to carry on.
       

    • @Eboy75 – your comment was deleted because you posted an entire KWN article, which while it was excellent, the KWN goons greet us with legal threats any time a reader posts even a tiny excerpt of their article in a comment. 

    • I was actually pretty disappointed that Jim Sinclair decided to start doing interviews again with KWN.  KWN does not provide any balance in their reporting.  Its like a cheerleader squad.  You would think that Jim Sinclair gets plenty of readership solely by virtue of his website.  He doesn’t need KWN or to be associated with their band of perma bull cheerleaders.

    • Indeed, as The Doc says.  If you want to direct the attention of SD readers to another web site article, just post the URL.  We’ll find it.  :-)
       

  2. Brilliant, thanks Docs :-)) In which case I shall post as follows:
     
    For comment on Sinclair’s most recent KWN article, please head to the following: http://preciousmetalspete.blogspot.co.uk/
     
    Doc – what is to be made of preciousmetalspete’s comments? I am new to gold & silver and have found his commentary at a discord with ALL other pundits (so called experts in the UK). I have also read FOA & FOAOA’s posts.
     
    Many thanks :-)

  3. Instead of doing nothing, it would be better still to buy physical Gold and Silver on any price drop, and remove the metals from the marketplace altogether.  A derivatives system still depends on the underlying physical metal to function properly, and the less physical metal is available, the more difficult the manipulation of prices becomes.
     
    It is true that the bullion banks still hold a large percentage of available physical metals, but it only takes a small percentage of the 7 billion people of the world to be buying physical Silver before the manipulation of prices comes to an end.

    • “A derivatives system still depends on the underlying physical metal to function properly, and the less physical metal is available, the more difficult the manipulation of prices becomes.”
       
      Does it become “more difficult” or do these cretins simply shrug and ratchet up the leverage to compensate?

  4. Is it just me or is he starting to sound like a Leprechaun? 
    “They’re after our lucky charms!!!!” 
    For the record, Sinclair ORIGINALLY SAID the metals crash would be OLD NEWS by March 27th so if it’s not even old news by then (which it won’t be) he’ll still be wrong. Though I think he’ll only be off 4-6 weeks before he’s right.
    Keep stacking. 
     

  5. That’s one more reason to buy gold instead. I’ve discovered that people accepts gold more than silver. For example in my city, there are more people willing to buy gold for cash than silver for cash.

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