November 22, 2011, at 7:28 pm
by Jim Sinclair in the category General Editorial | Print This Post | Email This Post
My Dear Friends,
Today was a busy day in New York City.
Last week I was in San Francisco meeting with thirty five money managers. I met with four more at my hotel in NYC last evening. This morning was met with early appointments followed by a luncheon for forty money managers. After the luncheon I had one more quick meeting before leaving the city.
I have never felt better since I was 25. My Irish side loves a battle and my Seligman side knows how to win.
It looks to me like yesterday’s drop in gold might have been a bear trap head fake. $1650 to $1670 looks strong. Gold is getting ready to move into the 2000s.
Alf is dead right.
You couldn't possibly be buying all the times you said. You've been buying every other day since 6+. Hope this STAMICO thing works out (at least better than the beautiful relationship with G). We'll see. Time will tell.
We're in a seasonal strong period Easy and all the gold stocks have have taken a pretty deep pullback...Like Sinclair mentioned on his site this is likely a major Bear Trap....I'm expecting a bottom here some time within the next week or so if it hasn't already happened and then BOOM, explosive moves upwards...Like Alf Fields said, the next move will be the longest and strongest move yet of the entire gold bull market all the way to a minimum of $4,500/ounce with only two small corrections during the move....With all that EASY to mine gold rubble on TRX properties this should be a very huge run..Not to mention folks are going to figure out why the TRX business model is the way it is as TRX should end up being one of the few MASSIVE movers during the gold bull...The other one I expect to go crazy along with TRX(A.K.A 1979-80 where some stocks went from pennies and dollars/share to three and four hundred dollars a share) is Richmont mines (RIC)...There are a few others but these IMHO will be the ones that really outperform in ways that most wouldn't think possible.