HIGH-GRADE NI-CU-PT-PD-ZN-CR-AU-V-TI DISCOVERIES IN THE "RING OF FIRE"
NI 43-101 Update (September 2012): 11.1 Mt @ 1.68% Ni, 0.87% Cu, 0.89 gpt Pt and 3.09 gpt Pd and 0.18 gpt Au (Proven & Probable Reserves) / 8.9 Mt @ 1.10% Ni, 1.14% Cu, 1.16 gpt Pt and 3.49 gpt Pd and 0.30 gpt Au (Inferred Resource)
Message: Jim Sinclair
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Dear CIGAs, The price of gold is headed slightly below $1000 before it will fall back as the crowd yells double top, but double top it is NOT. Gold will then break above $1000, $1024 and $1033. If you do only one thing, I would suggest that it be cancel your open sell orders in both gold, and junior gold shares. Like always, you do not chase gold up by paying ever increasing prices using margin and then selling at exactly the wrong time. You do buy the breaks (when foolish moves are made to placate politics trying to put the price of oil lower) to the degree you can afford even if you pay too high on any fall. That pain will be a temporary condition. As far as selling goes that is up to you. As I see it the coast is clear, or as clear as the price of gold will ever be, for an appreciation of $300 from present levels For the public margin is a financial death wish. Margin is a major DO NOT DO. Volatility is about to reach a spiritual level, even greater than you have just seen. |
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