GOLD MOVES ABOVE THE WHITE DOWNTREND CHANNEL TOP LINE
Wednesday, October 14, 2009
GOLD MOVING HIGHER, EURO MAKING NEW HIGHS, DOLLAR NEAR ITS LOWS
GOLD MOVES ABOVE THE WHITE DOWNTREND CHANNEL TOP LINE
5 MINUTE DECEMBER DOLLAR CHART (delayed prices)
DOLLAR FALLING TO ITS LOWS
SHOULD DRIVE GOLD HIGHER TONIGHT
GOLD SQUEEZED INTO A TRIANGLE POINT, MUST BREAK HIGHER AS DOLLAR FALLS
GOLD WILL BECOME MORE ACTIVE CLOSER TO 11:00PM PDST AND OVERNIGHT
JIM SINCLAIR COMMENTS
What More is There to Say?
Posted: Oct 14 2009 By: Jim Sinclair Post Edited: October 14, 2009 at 6:32 pm
Filed under: General Editorial
Dear CIGAs,
We can keep you updated on developments and Trader Dan can keep you updated on technical matters as the drama in gold will never end.
The dollar is headed for much bigger trouble quite soon.
Gold is going to $1224, $1650 and then on to Alf’s numbers.
The US dollar will touch its past low, fight a bit, but then give it up to the carry trade and fundamental economics.
All we have warned you of is happening now.
The countdown of days needs to be understood as a countdown for just what is happening. That countdown is to the faltering of a major area of dollar support becoming invalid as the carry trade monster devours any currency it adopts.
Interest rates cannot be raised to favor the dollar without throwing the MOPE recovery directly into the circular file.
Confidence in the dollar is waning with every passing day. As Armstrong has told you, one day soon confidence will simply implode.
This is a product of a lifetime of mistakes of which no one person can be considered the author. It is the sum of wrong economics, rewarding activities that produce nothing but paper shuffling, and punishing activities that produce goods, human services and employment.
Within one week of the countdown the dollar will take out areas expected to be the bottom of this decline by many talking heads today. That is a dynamic event as was what Trader Dan spoke of here on JSMineset last evening.
What has occurred are the things that economic history is made of> Few outside of Trader Dan and the most attentive CIGAs were really shaken by the occurrence.
This is what the countdown is all about. Look out the window and see it happening. It is history in the making but no more than what happened yesterday at lower levels.
The end is NOT coming. It has already happened. Are you insulated from the results thereof?
Sincerely,
Jim
Posted: Oct 14 2009 By: Jim Sinclair Post Edited: October 14, 2009 at 6:32 pm
Filed under: General Editorial
Dear CIGAs,
We can keep you updated on developments and Trader Dan can keep you updated on technical matters as the drama in gold will never end.
The dollar is headed for much bigger trouble quite soon.
Gold is going to $1224, $1650 and then on to Alf’s numbers.
The US dollar will touch its past low, fight a bit, but then give it up to the carry trade and fundamental economics.
All we have warned you of is happening now.
The countdown of days needs to be understood as a countdown for just what is happening. That countdown is to the faltering of a major area of dollar support becoming invalid as the carry trade monster devours any currency it adopts.
Interest rates cannot be raised to favor the dollar without throwing the MOPE recovery directly into the circular file.
Confidence in the dollar is waning with every passing day. As Armstrong has told you, one day soon confidence will simply implode.
This is a product of a lifetime of mistakes of which no one person can be considered the author. It is the sum of wrong economics, rewarding activities that produce nothing but paper shuffling, and punishing activities that produce goods, human services and employment.
Within one week of the countdown the dollar will take out areas expected to be the bottom of this decline by many talking heads today. That is a dynamic event as was what Trader Dan spoke of here on JSMineset last evening.
What has occurred are the things that economic history is made of> Few outside of Trader Dan and the most attentive CIGAs were really shaken by the occurrence.
This is what the countdown is all about. Look out the window and see it happening. It is history in the making but no more than what happened yesterday at lower levels.
The end is NOT coming. It has already happened. Are you insulated from the results thereof?
Sincerely,
Jim
5 MINUTE DECEMBER DOLLAR CHART (delayed prices)
DOLLAR FALLING
WILL MAKE GOLD MOVE HIGHER NO MATTER WHAT THE
BULLION BANKS DO TO PUSH IT DOWN
ALL THEY ARE DOING IS GIVING THE LONGS ANOTHER LOWER BUY IN PRICE
THE CRIMEX CRIMINALS POUNCE ON GOLD AGAIN
CAN'T ALLOW GOLD TO GO UP NOW CAN WE?
BUT THE BUYERS MOVE RIGHT IN ON ANY DIPS.
MAY THESE SHORTS GET THEIR ASSES REAMED AND RUN OUT OF TOWN
GOLD DRIVEN DOWN TO THE 75% POINT OF THE MAJOR UP MOVE, ALL MANIPULATION BY THE BULLION BANKS
THERE OUGHT TO BE ONE HELL OF A RALLY ON THE CRIMEX OPEN
GOLD IS PUSHED DOWN TO THE PREVIOUS LOW AT 1063.20
GOLD JUST DOESN'T TRADE LIKE THIS UNLESS THERE IS MANIPULATION PRESENT
15 MINUTE DECEMBER DOLLAR CHART (delayed prices)
DOLLAR MAKING NEW LOWS AND GOLD IS FALLING?
DO YOU NEED ANY MORE PROOF THAT THE BULLION BANKS ARE PUSHING THE MARKET
DOWN TO KEEP GOLD FROM EXPLODING?
ONE BIG ASS RALLY IS COMING SOON.
THIS IS ALL BULLION BANK MANIPULATION AS ALL THE INDICATOR MARKETS ARE VERY SUPPORTIVE TO GOLD RIGHT NOW AND THE DOLLAR IS DEAD
A BIG RALLY SHOULD OCCUR SOON AS GOLD IS DRIVEN TO RIDICULOUS LEVELS
