Just like Uncle Jim predicted...

 "...Anyone who reads www.jsmineset.com knows I am far from bearish on gold. You have to know I never ever said hold off buying.

This is an outstanding opportunity to buy juniors as they have been unmercifully pounded by hedge funds, making them a steal while the majors deal with an overbought situation that is becoming more overbought.

You can never really know what motivates people. Editor Dan is on this seeking a retraction and clarification."

Regards,
Jim

 "...Nothing can stop the march of gold up or the march of the dollar down. Monty and Dan have identified the return of dollar that has muffled its decline here, however I believe that the pressure downward is so much greater than the inflow that the US dollar has no chance of making any real gain. The potential for a total flop is much higher than any improvement.

Keep this all in mind when you start to panic as many of you did a week ago.

Gold is going without any doubt in my mind to $1650, a magnet that was originally published in 2000 and has not been altered since.

Below is a reposting of the valuation model I did for you recently on your gold shares.

When you wish to vomit it is the bottom of whatever you are contemplating vomiting over. The rises in a commodity price take all shares representing that commodity with it, first to reflect and secondarily to predict future increasing prices in the commodity itself.

For those of you that believe I can be beat or am wrong in any of my activities, know that I do take it personally. Know you haven’t connected the dots as I advised you to do. Know I will win this game as I have many times before. Know your risk is infinite while mine is finite and defined.

I will prevail and multiply in this battle because I have the ammunition of knowledge; that, I promise you. This I am dedicated t -.it is my life experience.

I am half Irish and half Jewish so clearly I love to fight and make money."

Respectfully Yours,
Jim