Dear Friends,

You might recall about a week ago when I commented that if you trade gold you use more balls than TA. You may have also noticed gold ceased its decline within pennies of $887.50. I trust you have seen or printed out the Angels and known that Angel was there. This site is read by powerful traders on all sides so you need to understand my reluctance to report prices I have already given you. The specifics of last week were a test and it certainly worked. It told me there is no question what I told you above is absolutely correct about our readership.

Is there any question concerning the fact that Angels exist and are the magnets of this market? $1050 will come, as will $1650. If I am wrong in any way it is not that $1650 will not occur but that this Angel is much too conservative. I have told you already exactly, carefully, and often where gold goes next before crossing $1000. I have already wagered that I am correct. I do not lack self confidence. When you gain self confidence then you will be the master of your self, needing no one. Self confidence is not confidence of the ego, it is confidence in the self within you

Mark my word, gold shares will outperform gold in the final analysis. The hedge funds have been long the Barrick-types, overpricing them for this time and short the others, significantly underpricing them but not yet making cover. Remember a short can feel pain. The shorts by their clever power play have created what is akin to a stretched rubber band about to snap back in their face. When the short bombs a share as they did yesterday then today runs into a 1,000,000 plus buyer, even the dumbest has to start to get the message. Rest assured the shorts in secondary precious metals shares will scramble for cover as yesterday they spit big time directly into the wind. I bought this week.

Regards,
Jim