big secretLegendary gold trader Jim Sinclair sent an email alert to subscribers last night, stating that the rig (gold manipulation) is up, and that the big dirty secret is out that there is no physical gold in volume

Sinclair states that the biggest moves on a percentage basis for gold and gold stocks has just begun, and provides a formula for profits in the gold sector here and now:


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From Jim Sinclair:

Thanks to the revelation brought to the world regarding the paper gold fraud, certain gold shares will now advance by many hundred percents. Some are likely ten baggers like in the 1980s.


Good growing intermediate tier producing gold shares will lead gold majors, gold and all equities now to new highs in its own unprecedented bull market as the successful short of gold share hedge funds sitting with huge shorts have become complacent. There is a new definition to the right gold companies. They are the holders of the real physical supply.


The biggest move in gold shares in the 1968 to 1980 gold market was after gold broke from $887.50 to $449. The recovery from $449 to $750 witnessed the gold shares moving up by many hundreds of percents. The same is going to happen now because there is no significant above ground supply of gold. It has been stolen or purchased over the past many years.


The big dirty secret is out. There is no gold.


The formula for profits in gold shares in order of significance are:


1. Mid tier producers or those moving into that position.
2. Located out of the reach of North America or Euroland.
3. Strict control of overhead.
4. Huge comfortable short positions.


If true as David C says, the RIG IS UP.


Keep in mind that the repository of physical gold is the intermediate sized producer with low production costs and run tight ships overhead wise. Something other than the way colonialist majors are run with no attention to the shareholder or their host countries.


Physical gold unimpeded by the paper scam can trade at prices that will set your hair on fire.






In gold there were more withdrawals from the Comex-approved depositories on Tuesday. They reported receiving 852 troy ounces and shipped 238,716 troy ounces out the door. You have to ask yourself where this gold is headed and why.  The link to that activity is here.

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  1. How does knowing that paper gold is a fraud somehow free mining company valuations?  It has been long known that paper gold is manipulated.  Knowing this has not helped mining company valuations. Mining company valuations are being attacked via naked short selling.  They are being starved of capital because their share prices are being sold short and their cash flows are being adversely impacted because the spot price is being artificially set below production costs.  It’s a negative feedback loop. Operations are depressed because the commodity price is being artifically set low which leads to depressed share prices and agressive short selling which further impacts mining companies ability to grow and thrive.

    The inablility of mining companies to raise capital at higher valuations will have the effect of driving producers out of business or into contraction. I see no change in the outlook of mining equities until both gold price manipulation stops and mining shares are not the target of naked shorts.

    Capital is the life blood of companies. With out it, they shall perish. Just because there is growing awareness of the gold price manipulation does change the inability of companies to raise significant new capital on favorable terms or from operations.

  2. Sorry.  There was a time and a place where Sinclair’s word was probably as good as his bond; however, unreliable “prophesying” time and time again over the past two years?  Yes, indeed, the price will likely rally on a fundamental/technical basis – but how many people are so gullible as to believe this claptrap every time it’s espoused?
    Sorry, Jim – I’m a bug, but you’re displaying old man syndrome.

    Back the truck up, and strap him in his safety jacket… Time to take this one to the home.

  3. Mr. Sinclair sent out a similar email back in July 2012 with the exact same title
    “the rig is up”. Basically he stated at the time gold was going “to and through 3,500″
    and he ended his comments with “I say this with full intellectual and spiritual certainty”.
    He has backed off the 3500 claim recently and went to 50,000. Only thing missing is
    he did not have intellectual and spiritual certainty. He has some very good information
    regarding certain aspects for sure, but he really needs to understand we are no longer
    back in 1980, the world is a much different place and in a much much worse condition
    financially along with criminal financial institutions that continue to get bailed out or ‘in’ 
    and they get to keep their jobs.
    I wish he would slow down and let these markets take care of themselves. Some miners
    are at late 2008 lows or lower, and some will do great long term, but these guys need to stop
    making it sound like it is going to happen tomorrow or next week. It always comes across as hype
    even more so when certain material is repeated whenever convenient. I respect Jim, I get his emails,
    but I cannot respect the manner in which he has handled some things over the last year. The last year or so I have become very aware he is under much stress due to his own claims and perhaps he needs to take a break. If he read some of the comments, he would say we are ‘bashers’. No need to bash anyone, but telling the truth should not label one as a basher, or making a statement regarding his own words is not bashing. Why cannot these guys take responsibility for their
    own statements instead of demeaning those who disagree? Ego’s never make for good forecasting.

  4. I noticed that Jim Sinclair is surrounded by dobs and that his life goal is to help others….
    that makes me wonder. I’m a person that asks why all the time. Sometimes that’s a bad thing, but that’s how I’m programmed I guess.
    I ask myself if Mr. Sinclair has gone through depression or guilt over the past, maybe regrets or a sense of emptiness and meaninglessness in life. Many people have. Medical experts and phychologists say that one pet can dramatically help a patient recover because of the affection and attention, and so I wonder if Mr. Sinclair has decided to surround himself with upbeat and loving creatures, and if his goal of helping others is to either make up for past wrong or to try and help him find purpose in life.
    Well, if by chance Mr. Sinclair ever got around to reading this, I have good news if any of the above is true:
    John 14:27: Peace I leave with you, my peace I give unto you: not as the world giveth, give I unto you. Let not your heart be troubled, neither let it be afraid.
    All those that trust Jesus as Saviour will have God’s peace, which nothing in this World can match.
    I Peter 1:8: Whom having not seen, ye love; in whom, though now ye see him not, yet believing, ye rejoice with joy unspeakable and full of glory:
    Colossians 3:15: And let the peace of God rule in your hearts, to the which also ye are called in one body; and be ye thankful.
    II Timothy 2:22: Flee also youthful lusts: but follow righteousness, faith, charity, peace, with them that call on the Lord out of a pure heart.
    Jesus is the answer :)

  5. There is no gold, huh?  What happened to “all the gold ever mined is still around because it is not consumed and is too valuable not to recover”?
    Last I heard, there was about $9T worth of above-ground gold.  Or does he mean that there is no gold FOR SALE?  Big difference there.

    Not only that, but what the hell is that thing whispering in that guy’s ear in the photo at the top of this article? lol

  6. I don’t know what that cretaure is whispering in the ear of a guy that looks a lot like a younder Andre Agassi, but I’m sure relieved not to have to look at Jim and his bloody gold Chinese hats one more time.
    All we need now is to stop introducing every one of his rants with ‘Legendary gold trader…’. If I see that one more time I think I’ll find another forum.
    Jim was a legend in his own luchtime I’m sure, back in the 80s.

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