Posted: Mar 12 2010 By: Jim Sinclair Post Edited: March 12, 2010 at 3:01 pm

Filed under: In The News

Dear CIGAs,

Friday March 12th. Observe how concerned I am about the sloppiness of gold.

Turn off the quote machine and put on a good flick. Be prepared for a major upwards move in the price of gold coming out of March into the year’s end.

Like it or not, this is a set up for a very exciting rest of 2010. Gold, as we know, can be painful from time to time. How much you want to suffer is totally up to you.

Think about handling the situation as I do. No suffering required.

Jim Sinclair’s Commentary

If major gold producers want reserves they are going to have to buy them.

SAfrica gold output down 18.2 pct yr/yr in Jan
Thu Mar 11, 2010 9:41am GMT

JOHANNESBURG, March 11 (Reuters) – South African gold output fell 18.2 percent in volume terms and total mineral production rose 7.7 percent in January compared with the same month in the previous year, official data showed on Thursday

Production of non-gold minerals rose 12.2 percent, Statistics South Africa said on its website www.statssa.gov.za (Reporting by James Macharia)

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