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Jim Sinclair: Campaign to discredit gold indicates worst desperation yet

Section: Daily Dispatches

1:25p ET Friday, January 4, 2013

Dear Friend of GATA and Gold:

Jim Sinclair writes to a Comrade in Golden Arms today:

"Have you ever considered how bad it must be out there if the Fed and gold banks are working so hard to paint gold bearish and the U.S. dollar bullish? It must be fundamentally the worst of the various economic crises in my more than 50 years in gold.

"There has never been this level of effort on all fronts to discredit gold. That must reflect the dire condition of the balance sheets of the Western world's financial industry. Anyone with eyes in their head can see this move has been contrived. In my opinion profit on the short side is a secondary motive."

Sinclair's commentary is headlined "Jim's Mailbox" and it's posted at JSMineSet here:

http://www.jsmineset.com/2013/01/04/jims-mailbox-1141/

CHRIS POWELL, Secretary/Treasurer
Gold Anti-Trust Action Committee Inc.



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