Re: Mumblings/Keep the Faith
in response to
by
posted on
Jul 09, 2009 06:59AM
Golden Minerals is a junior silver producer with a strong growth profile, listed on both the NYSE Amex and TSX.
"Lets also give Sinclair some credibility, he willingly exposes his offerings to us and announces his intentions to the Cartel simultaneously. That is like informiing the enemy how you will proceed with a battle, so they can have a countermeasure in place. There is nothing he his gaining from his teachings, except a karma responsibility to mankind. Why would anyone spend that kind of cost, time and energy, except for those reasons?"
I agree very much with this quote and the rest of your contribution. To cast any doubt on Jim Sinclair`s sincerety is not fair. He has given a lot, has been right into the details and his own listed company has been victim of the Cartel`s criminal acts.
Maybe the only thing you can Jim Sinclair blame for is that in his forecasts he has been overconfident of his TA and has been underestimating the power Goldman Sachs e.a. have in rigging the markets. The money they can mobilize (through derivatives), the tools they have (algorithms) and the political backing they have helping them to eliminate any oversight, are all unprecedented and that is why even an analytical superstar like Jim Sinclair is beaten again and again in his timing.
What I have lost is faith in a fast increase of the highly undervaluated PM-stocks. In 2003 it was still possible that junior stocks increased 10 times in a year or so. ECU did the same a few years later on the basis of their fundamentals. But today it seems that the algorithms do not allow any stock to go up fast, because that may trigger investor`s fever in mining stocks and they will not allow that to happen.
So I fear I will have to wait another 3 years to break even and 6 years to make a slight profit on my initial investment. Unfortunately, I personally do not have that time anymore due to certain financial needs and a tremendously reduced valuation of my holdings, which I have to sell bit by bit at a significant loss.