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6/19/09 21:37(EST)

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Posted: Jun 19 2009 By: Jim Sinclair Post Edited: June 19, 2009 at 4:22 pm

Filed under: General Editorial

Dear Friends,

Please understand that yesterday was a concerted effort on the part of the shorts to demoralize you. Demoralization is used to cause a cascade of share offerings, therein allowing the shorts to make cover.

If your situation was the only one that suffered such an attack then maybe worrying would not be out of the question.

I watch RGLD and HUI for a quick and dirty analysis of indiscriminate or specialized action on my corporate priority.

You will see the short barrage was indiscriminate and across the board in all gold issues in which both legal and illegal large shorts live.

We are so close to the point where two of the best resources I have given you feel gold will launch upwards. That such action should not be a surprise, especially with the outstanding past success these gentleman have.

IMF sales are a total joke. When they do occur it will only further bull the market.

Shares whose assets will be impacted by a two to five fold increase in their underlying worth will not decline as a result. The reason for this is if they did they would be taken over in a heartbeat by the majors whose only increase in resources is an accounting product of higher gold prices moving ounces above cut off accounting levels.

The majors are starving for real new ounces in the ground.

Regards,
Jim