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« Compromise, D.C.-Style | Main | Endeavour Silver Corp: One for your Core Holdings »
Thursday
Aug042011

The Third Phase In This Gold Bull Market

This is a missive just in from Jim Sinclair of www.jsmineset.com which might give you some comfort after the bruising that the gold producers took today.

Jim Sinclair.JPG

Dear Friends,
 
I am in London this evening in my room posting as much serious material as possible to help you understand the new nature of gold; a nature fraught with unprecedented volatility. I will deliver my presentation tomorrow. Right now we have to talk.
 
Gold from $248 to $524.90 was an arithmetic uptrend based on a re-birthing of gold's currency roll.
 
When gold broke out above $524.90 I asked you to please cease trading as gold had moved from phase 1 into a runaway price phase 2. It is this phase which has given you prices in excess of $1650.
 
$1764 has the same significance as $524.90 because it represents phase 3, the point when a runaway price market for gold would gain exponential properties.
 
Because $1764 is such significant a number you can expect one of the more serious price battles before the price departs to Alf Fields' and Armstrong's higher potentials.
 
To sum up the situation you haven't seen anything yet.
 
As strange as it sounds right now, soon you will begin to see the bearish cabal on mining shares looking for cover where gold will be sold for correct precious metals shares.
 
Keep the faith. $1650 has been the minimum upside since $248, not the most likely top.
 
Respectfully,
Jim

You might want to bookmark his site for future reference and also register for his FREE newsletter, just a thought.

Keep the big picture in mind and hold on tight, as we have said before, its going to be a white knuckle ride!


Regarding www.skoptionstrading.com. We have now placed a number of trades in the options arena and they are all showing a healthy profit, all aboard!



For those subscribers who are too busy to trade their own accounts we are now able to offer an Autotrading program with our SK OptionTrader service, as we are pleased to announce that we have entered into a partnership with GlobalAutoTrading and therefore auto trading is now available for SK OptionTrader signals


Our model portfolio is up 338.11% since inception

An annualized return of 117.00%

Average return per trade of 40.41%

81 closed trades, 78 closed at a profit

Average trade open for 46.27days


sk chart 22 May 2011.JPG



The above progress chart shows our performance when profits are re-invested, however, to see exactly how it is going, please click this link.

So, the question is: Are you going to make the decision to join us today.

Stay on your toes and have a good one.

Got a comment then please add it to this article, all opinions are welcome and very much appreciated by both our readership and the team here.



To stay updated on our market commentary, which gold stocks we are buying and why, please subscribe to The Gold Prices Newsletter, completely FREE of charge. Simply click here and enter your email address. (Winners of the GoldDrivers Stock Picking Competition 2007)

For those readers who are also interested in the silver bull market that is currently unfolding, you may want to subscribe to our Free Silver Prices Newsletter.

For those readers who are also interested in the nuclear power sector you may want to subscribe to our Free Uranium Stocks Newsletter, just click here.

SK logo 26 May 2011.JPG

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