Shaky nerves about gold? Jim Sinclair has something to tell you

Section:

10:37a ET Sunday, September 28, 2003

Dear Friend of GATA and Gold:

Jim Sinclair argues that nothing much happened in
gold last week except perhaps for the panic of some
gold shareholders. In his Saturday commentary,
"Saturday Coffee and the Gold Market," he writes:

"All that's happened so far is that gold touched the
overbought top line of its up channel and when it
backed away the Cartel jumped on it with Morgan
as the lead seller. Seeing it being hit right under that
technical analysis level, the gold traders also jumped
on it, creating a shark-feeding type of selling which
followed through the next day.

"Buyers moved in on the oversold side and it went out
at the close having hit both sides in two trading
sessions. That means gold is displaying the character
of outrageous volatility, which is exactly what happened
in the late '70s as gold approached $400.

"It means to me much higher prices are coming this year
just like it did when that happened in the '70s. It also
means that leverage in gold is not for the majority of the
gold crowd."

You can find this Sinclair commentary here, at the bottom
of his home page at this hour:

http://www.jsmineset.com

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

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Free sites:

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http://www.minersmanual.com/minernews.html

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http://www.goldcolony.com

http://www.mineralstox.com

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http://www.hsletter.com

Eagle Ranch discussion site:

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COIN AND PRECIOUS METALS DEALERS
WHO HAVE SUPPORTED GATA
AND BEEN RECOMMENDED
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Centennial Precious Metals
3033 East 1st Ave.
Suite 403
Denver, Colorado 80206
www.USAGold.com
Michael Kosares, Proprietor
US (800) 869-5115
Canada 1-800-294-9462
European Union 00-800-2760-2760
Australia 0011-800-2760-2760
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Greg Westgaard, Sales Manager
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178 West Service Road
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620 Cathcart, Suite 900
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P.O. Box 1045
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Ed Lee, Proprietor
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leecoins@aol.com

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fax: 952-925-0143
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Pat Gorman, Proprietor
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Metalguys@aol.com

Swiss America Trading Corp.
15018 North Tatum Blvd.
Phoenix, Arizona 85032
http://www.buycoin.com
Dr. Fred I. Goldstein, Senior Broker
1-800-BUY-COIN
figoldstein@buycoin.com

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