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« What Happens to Gold if We Enter a Recession or Depression? | Main | Canarc Resource Corporation: Add to the Bargain Buy Shopping List »
Thursday
Apr052012

A Golden Idea by Jim Sinclair

This is Jim Sinclair at his creative best, the gold market does need the ignition and the gladiator he talks about to step forward and show his metal. The gold banks are no different from any other bully, once confronted they to will cower in the corner gibbering like bullies do. The gauntlet has been thrown down, but who will pick it up? We suspect it may well be a figure that we have not even heard of yet, someone in the background with extraordinary wealth who can also put together a team of like minded people who collectively can see the opportunity and are prepared to go the distance in order to achieve success.

 

No doubt you have a few ideas of your own, so why not jot them down in our comments section, I think there will be a few surprises among the candidates.

Dear Friends,

What we need is the second coming of a determined trader so convinced of his/her opinion and feel for the market that taking on the gold banks would seem like a divine calling.

The same stuff we see today went on in the great gold bull market of the 1970s. Then I was a kid in my mid 30s with more guts than is usually good for ones financial health.

I watched the gold dealer’s brokers, then of Phillips Brothers and J. Aron, running the living hell out of the gold gang with the locals jumping on the bandwagon the moment the dealers showed their selling interest. I also saw the same quietly covering by the brokers for the dealers taking back their sells after they had bullied the market lower, exactly like the Goldmans and their pals do today.

The difference between today and then was there is no one with cajones that are big and well financed enough to say enough and take them on for mega profits. I learned from the dealers and used UBS and DB to do my largest buying.

I fought them at key technical points only. The second time gold tried to come up through the $400 level I was long 19,000 contracts. I had run the locals every evening for two weeks making their shorting a losing proposition.

Someone bought information from Bache and Company, my clearing agent, to find out what cash I had. Down went gold through $400 with the gold dealers selling.

I had to preserve my cash so I had to dump 9000 contracts. This dump was not by a margin call as I never permitted that to occur. I called myself well before the close.

All of sudden in comes DB at $380 buying with both hands and feet and it was not me. I went out using my own floor traders to openly buy back 9000 at the market price and added an additional 5000 in Chicago.

Gold in that market never went under $400 again, but rather made it’s great run to $887.50 with the formerly short gold dealers leading the charge.

Believe me, you can run the gold banks if you have the courage, knowledge, money and guts to take them on. You could flip their algorithms against them, therein hanging them with their own rope.

What we need is Maximus, the financial gladiator, and gold would break $3000 on the upside 90 days from the start of the reverse strategy. The gold banks are far from omnipotent if you know how to play their game on them.

Light the flame inherent in this market and the gold market will bullishly run over central banks, the IMF and anyone that opposes it. You will shift the gold banks to the long side as I did to get to over valuation.

If you are out there and want to turn a billion into a few trillion do I have a golden idea for you. It is all timing and intimidation.

Respectfully, 
Jim

So there you have it!

Regarding www.skoptionstrading.com. In 2011 we outperformed

Gold by 31%,

Silver by 41%,

S&P by 42%

HUI by 53%.

Our model portfolio is up 445.53% since inception

An annualized return of 91.38%

Average return per trade of 36.17%

97 completed trades, 88 closed at a profit

A success rate of 90.72%

There will be a price increase on the Sunday 8th April 2012, so if you thinking of joining a winning team, do it now and lock in a low price, there are only a few hours remaining to take advantage of this offer.

The new fee structure is as follows:

$199.00 will be increased to $499.00 for 6 months

$349.00 will be increased to $799.00 for 12 months

We encourage you to do the due diligence and also to compare us with other services in order to satisfy yourself that this is indeed the right service for you.

Existing Subscribers should note that this increase will not apply to them and will only apply to new subscribers and that all of our current subscribers will continue to subscribe at the rate that they signed up for originally. So those who joined us when the subscription fee was $99.00 will continue to pay that very same $99.00. We hold rates for our existing subscribers as a reward to them for their loyalty to us, which we very much appreciate.

Also many thanks to those of you who have already joined us and for the very kind words that you sent us regarding the service so far, we hope that we can continue to put a smile on your faces.

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Reader Comments (2)

My deduction from the 'sidelines' of whom will pick up the gauntlet thrown by the gold banks will be one or all of the BRIC nations for the obvious reason they want to create their own reserve currency to counter the Dollar. What better way than to 'scoop' up as much gold as they can at these 'low prices' and with gold bullishness at a low.

JMHO

April 6, 2012 | Unregistered Commentermarc822

The Gold and Silver view would more than likely benefit if targeting a channel to gain exposure to a broader, like-minded audience. Broker a deal to buy into OWN (Oprah Winfrey Network) to provide a central hub to launch Jim Sinclaire, Ed Steel, King World News, Glenn Beck, Sprott Assests, Cliff Kules Notes . . . . or bring the reliable, like-minded, quality sources under one roof to facilitate easier recognition and ease of identification to more individuals.

April 6, 2012 | Unregistered Commenterrbblum

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