Jim Sinclair: Do Not Let the Shorts Cover With Your Gold!

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:

 

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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

 

 

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