Wave 5 of the GOLD PRICE is coming

A bear trap is possible.. I understand these words Jim Sinclair speaks very well.

"The fact that you tend to see gold come into the market prior to a Fed meeting basically says that…and truthfully, whenever the chairman is speaking or the president is speaking you’ll notice gold is standing –either standing still or going down because you must never make the head man look stupid. And gold going up against the speech of everything in control would obviously put a big question mark on it.

So, yeah, that’s kind of common. It hasn’t had up to now any significant effect on the trend and won’t have any significant effect on the trend in the future. And if the dollar happened to be falling they’d make every effort to stop that but look at the size of it now. Look at all of the people who wish to diversify.

So the ability to be able to manipulate the dollar is almost now gone. And if you can’t manipulate the dollar then all you can do is create a day or two blip in gold because in truth the dollar is the currency and is without any doubt in inverse relationship to gold which is simply not going to change".

Jim Sinclair

www.jsmineset.com

http://www.financialsense.com/fsn/BP/2007/0915.html