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Message: Junior gold shares reaching point where 1000% + upside is not farfetched!

Junior gold shares reaching point where 1000% + upside is not farfetched!

posted on Jul 16, 2008 06:38PM
Posted On: Wednesday, July 16, 2008, 4:07:00 PM EST

The Day Of The Talking Heads

Author: Jim Sinclair



Dear CIGAs,

Do not believe the incredible parade of good tidings from the Fed and the Treasury when the credible is starring you square in the face.

Many still need to protect themselves, and this is welcomed opportunity for them to do so.

We did hit $990 on the upside which suggests the downside is within reach of the present levels at $940 to $950.

Toughen yourself to the volatility of the market place. Charts are being painted and you are being played.

Quality junior gold shares are reaching a point from which an expectation of 1000% or more on the upside is not out of the question.

Gold is headed to $1200 this year and $1650 in time. The US dollar will trade at .62 and .52 on the USDX.

Today is part of the Greatest Show on Earth with a sideshow of Believe it or Not. The answer is NOT.

Gold has major support between $940 and $950. That should be it on this reaction. We shall see as I have only had two sessions to come up with an answer.

Regardless, nothing has changed and today was officially full of talking head madness.

Respectfully yours,
Jim

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