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In The News Today

Posted: Feb 15 2011     By: Jim Sinclair      Post Edited: February 15, 2011 at 3:07 pm
Filed under: In The News

Dear CIGAs,
The gold banks are fighting hard to keep the Armstrong Reaction in place. I will let you know when they lose.
Top calling when you firmly believe gold will trade at $5000 is madness. Its only accomplishment is to take people out of their insurance at more than likely the exact wrong time.
The Armstrong Reaction prediction was simply based on the top of an uptrend line and the low price as the bottom of a trend line. It you had applied that method to gold at $529.40 where it went into the first runaway, you never would have been in this market.
Who is to say that $1372 might not start the second runaway in this market? At $529.40 I said STOP trading gold and that it was on its way to $1650.
Since Armstrong keyed off this reaction at $1372, attempting to be a 4 month top caller, who is to say that $1372.00 is not a duplicate technically of $529.40?


Jim Sinclair’s Commentary
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