Extremely Important

Be Prepared

The end is close for the effectiveness of Naked, Pool and No Up-tick Short Selling

There are still extremely large (legal and otherwise) short positions in junior gold & silvers plus junior producers of both remaining uncovered as the ability TO POUND LOWER is coming to an end.

The short of gold on the COMEX, the short of gold in everything gold and silver is incestuous.

We have differences from time to time in market views, but I believe you respect my understanding of the technical characteristics and mind of the opposition in precious metals.

With a maximum of 60 days for comment on the reinstatement of a form, but an effective form, of the Up Tick Rule, cover needs to be accomplished in the next 90 days for the extremely large short position in the modest or low-volume trading silver and gold issues.

The short sellers, having DONE THEIR BEST TO POUND DOWN THE PUBLIC

COMPANIES TO COVER, now have only one option left.

DIRTY TRICKS

You will recognize the dirty trick when it occurs.

You witnessed it in Royal Gold (RGLD) when it occurred. You have seen it in multiple silver

issues. The South African shares have not been immune.

No precious metal share is immune for the next 90 days, none, no exceptions

How do you prepare?

1. You must eliminate ALL margin. Margin is the tool of dirty tricks, which still exists under $5 as maintenance margin. It is the killer. If you have any form of margin in anything gold between now and mid-June you have made yourself a sitting duck for the last try to cover, the DIRTY TRICK.

2. Be prepared mentally to go through what the shareholders of Royal Gold had to endure around $10 before it rose to over $40.

3. Recognize that the strategy of DIRTY TRICK is now a LAST DITCH, Hail Mary play by the bad guys (people who cannot profit if the game is played according to the rules) to make cover as they are about to lose.

4. If you know that emotions have a nasty habit of driving your market or investment decisions, please reduce the size of your position to the point of comfort, but stay prepared to reenter if your issue becomes the target of the DIRTY TRICK.

Please remember that Royal Gold (RGLD) earned its position as a target because it was a leader in the field and had a large frustrated short position made up of the same suspects as today.

Jim Sinclair