I have received numerous requests for an Update to the prior dates and charts posted on jsmineset.com.I have waited this week as I have been closely watching the gold market, and I wanted to be certain of the next date I post.
I have attached my most recent gold chart for your review.Please take the time to review the information within it:
Original Post April 19 stating that April 17 was THE bottom (Perfect and Holding to Date).
TURN DATES:
(I)May 3 (Perfect Turn Date)
(II)May 13 Expected Turn Date; May 17 Actual Turn (only four days after expected turn)
(III)June 5 - NEXT TURN.NOTE: This anticipated turn will likely coincide with a simultaneous Equity Market Correction (6/6/2013)
(IV)All dates forward are PRIVATE -- For Subscribers only.
I know not one person that has been willing to go on the record and post what I have posted.No individual has yet called the bottom for gold, and I have already gone on the record announcing the bottom only two days after gold hit $1321.The recent drop (just a re-test, in my view) was just four trading days and only $100 off—and folks seem to have forgotten that my Bottom call of April 18 has (so far) held beautifully! I sold my gold at $1900, as you are aware, and the $1321 bottom has not failed me.
For those of you who simply buy and hold Gold and Silver: sleep well, my friends, and know that your decision is a wise one into the year 2020, when they will top!
I leave you with this…
By carefully studying history, we will never need to guess what our world will look like tomorrow—for tomorrow has already happened in our past!We must remember: our grandparents awoke one morning to worthless paper.History tells us where we are headed and how it ends!
ORIGINAL POST on jsmineset.com, posted April 18th, 2013 at 10:00 AM:
“This is a man we should watch.”
– Mr. Jim Sinclair
Gold crashes, a bottom comes in at $1321 on April 16.Mr. Bo Polny buys that morning and sends Mr. Sinclair an email.Mr. Sinclair asks for a chart with 2 turn dates that he posts April 18, 2013:
A second post on jsmineset.comApril 19th, 2013 at 10:00 AM
“Friend CIGA Bo P has had some important calls on the market over the past few years. For this reason I am sending this to you for your consideration over the weekend.”
– Mr. Jim Sinclair
Mr. Polny states low “$1300 Gold–Never Again” and “Mr. Sinclair, as you are aware, I sold my silver at $49 and gold at $1900.”
“This is why two of the professionals that did recognize $1900 as a price the Banksters were most uncomfortable with also see this month as the culmination of an attempt to destroy physical demand by crushing the paper price.I cannot speak for Mr. Fennen, but I know that is Polny’s view.We are witnessing history here, and before this is over the physical gold buyers will crush the central planners.”
A fourth post on jsmineset.comApril 24th, 2013 at 10:28 PM:
Mr. Polny States…“With regard to Silver, it has been the weaker of the two as it sits at the BOTTOM of the 8-year support line of the gold/silver ratio that PERFECTLY matches the FINAL low of October 2008, which marked the FINAL BOTTOM! See attached gold/silver ratio chart.”
A fifth and sixth post on jsmineset.com on May 10th, 2013 at 7:54 AM and 5:04 PM, respectively.
After the Bottom call of April 18 for Gold, the next posted turn date, May 3, 2013, was hit perfectly at a $1487 high.
Mr. Polny states…“With regard to silver, this is a time for extreme caution! What is next? May 9-10, 2013… the drop! The question is, how low will it go?... silver is extremely vulnerable to a support break!”
Silver’s $22 low did in fact break on May 20, 2013.
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