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Home > Gold market commentary by Louis Paquette; bullion fund opens in Australia

Gold market commentary by Louis Paquette; bullion fund opens in Australia

Submitted by cpowell on Thu, 2003-03-27 03:00 Section: Daily Dispatches

8:06p ET Wednesday, March 26, 2003

Dear Friend of GATA and Gold:

Tonight's recommended reading begins with a short dispatch
from Tan Range CEO James Sinclair and his technical
sidekick, Kenny Adams, as follows, which is also posted at
the Sinclair Internet site.

* * *

Idealized Nadir of Gold Cycle
Approaches in 15 Calendar Days

By Kenny Adams and James Sinclair
a href=http://www.jsmineset.com/s/Home.asphttp://www.jsmineset.com/s/Home.asp/a [1]
March 26, 2003

Yesterday's AM and PM fixings have impacted the internal
figures of gold with sufficient strength to warrant the
establishment of a final bottom in the price now or in the
very near future.

However, the form of the bottom will be a move first into a
sideways chop rather than an immediate hard move upward.

Rather than fearing a sharp fast move into the $321-$325
area, such an occurrence would seal the bottom based on
a very hard internal shift from the Cartel in command to the
Asian/Islamic interest, which is the bull factor in gold.

The time factor is extremely near-term and the figures for
the general equities markets and the gold market support
this hypothesis. This is a unique potential and we will
examine its implications in a future writing.

Conclusion: You are on the threshold of the end of this
gold reaction and the beginning of a new bull phase. Those
of you who have liquidated your gold positions should stand
ready to replace them using the stop-go and overhead
resistance areas already given to you.

* * *

But just as important is the essay at the top of the
Sinclair Internet site at this hour, quot;U.S. in Economic
Crosshairs of Emerging Sino-Russian-Islamic Hegemony,quot;
wherein Sinclair writes:

quot;The United States must remonetize gold as the tool to
prevent gold from opposing the dollar before there is a
confirmed technical top in treasury bonds. There will be
precious little time to defend once the U.S. treasury
market is confirmed technically (today's market religion)
in a bear market and therefore recognized as such within
establishment circles.quot;

You can find that essay here:

a href=http://www.jsmineset.com/s/Home.asphttp://www.jsmineset.com/s/Home.asp/a [1]

Also tonight....

MineWeb has an important and wide-ranging interview
with AngloGold CEO Bobby Godsell, who remarks,
among other things, that excessive hedging has harmed
the gold price. You can find the Godsell interview
here:

a href=http://www.mips1.net/MGGold.nsf/Current/4225685F0043D1B242256CF50068DEht... [2]
0A?OpenDocument

Or try this abbreviated link:

a href=http://ls.shapebyforce.com/sbf/154http://ls.shapebyforce.com/sbf/154/a [3]

And then there's an essay by Nelson Hultberg at Gold-Eagle,
quot;Cornered Rats and the PPT,quot; which is here:

a href=http://www.gold-eagle.com/editorials_03/hultberg032603.htmlhttp://www.go... [4]

Or try this abbreviated link:

a href=http://ls.shapebyforce.com/sbf/155http://ls.shapebyforce.com/sbf/155/a [5]

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

----------------------------------------------------

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----------------------------------------------------

RECOMMENDED INTERNET SITES
FOR DAILY MONITORING OF GOLD
AND PRECIOUS METALS
NEWS AND ANALYSIS

Free sites:

a href=http://www.jsmineset.comhttp://www.jsmineset.com/a [8]

a href=http://www.theminingweb.com/http://www.theminingweb.com//a [9]

a href=http://www.gold-eagle.com/http://www.gold-eagle.com//a [10]

a href=http://www.kitco.com/http://www.kitco.com//a [11]

a href=http://www.usagold.com/http://www.usagold.com//a [12]

a href=http://www.GoldSeek.com/http://www.GoldSeek.com//a [13]

a href=http://www.goldenbar.com/http://www.goldenbar.com//a [14]

a href=http://www.silver-investor.comhttp://www.silver-investor.com/a [15]

a href=http://www.thebulliondesk.com/http://www.thebulliondesk.com//a [16]

a href=http://www.sharelynx.nethttp://www.sharelynx.net/a [17]

a href=http://www.mininglife.com/http://www.mininglife.com//a [18]

a href=http://www.financialsense.comhttp://www.financialsense.com/a [19]

a href=http://www.goldensextant.comhttp://www.goldensextant.com/a [20]

a href=http://www.goldismoney.info/index.htmlhttp://www.goldismoney.info/index.... [21]

a href=http://www.depression2.tvhttp://www.depression2.tv/a [22]

www.minersmanual.com/minernews.html [23]

Subscription site:

a href=http://www.lemetropolecafe.com/http://www.lemetropolecafe.com//a [24]

Eagle Ranch discussion site:

a href=http://os2eagle.net/checksum.htmhttp://os2eagle.net/checksum.htm/a [25]

----------------------------------------------------

COIN AND PRECIOUS METALS DEALERS
WHO HAVE SUPPORTED GATA
AND BEEN RECOMMENDED
BY OUR MEMBERS

Centennial Precious Metals
3033 East 1st Ave.
Suite 403
Denver, Colorado 80206
www.USAGold.com [26]
Michael Kosares, Proprietor
US (800) 869-5115
Canada 1-800-294-9462
European Union 00-800-2760-2760
Australia 0011-800-2760-2760
cpm@usagold.com [27]

Colorado Gold
222 South 5th St.
Montrose, Colorado 81401
www.ColoradoGold.com [28]
Don Stott, Proprietor
1-888-786-8822
Gold@gwe.net [29]

Investment Rarities Inc.
7850 Metro Parkwa
Minneapolis, Minnesota 55425
a href=http://www.gloomdoom.comhttp://www.gloomdoom.com/a [30]
Greg Westgaard, Sales Manager
1-800-328-1860, Ext. 8889
gwestgaard@investmentrarities.com [31]

Lee Certified Coins
P.O. Box 1045
454 Daniel Webster Highway
Merrimack, New Hampshire 03054
www.certifiedcoins.com [32]
Ed Lee, Proprietor
1-800-835-6000
leecoins@aol.com [33]

Miles Franklin Ltd.
3015 Ottawa Ave. South
St. Louis Park, Minn. 55416
1-800-822-8080 / 952-929-1129
fax: 952-925-0143
a href=http://www.milesfranklin.comhttp://www.milesfranklin.com/a [34]
Contacts: David Schectman,
Andy Schectman, and Bob Sichel

Resource Consultants Inc.
6139 South Rural Road
Suite 103
Tempe, Arizona 85283-2929
Pat Gorman, Proprietor
1-800-494-4149, 480-820-5877
Metalguys@aol.com [35]

Swiss America Trading Corp.
15018 North Tatum Blvd.
Phoenix, Arizona 85032
a href=http://www.buycoin.comhttp://www.buycoin.com/a [36]
Dr. Fred I. Goldstein, Senior Broker
1-800-BUY-COIN
figoldstein@buycoin.com [37]

----------------------------------------------------

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a href=http://www.gata.org/creditcard.htmlhttp://www.gata.org/creditcard.html/a [38]

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a href=http://www.GoldMoney.comhttp://www.GoldMoney.com/a [39]
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a href=http://www.e-gold.comhttp://www.e-gold.com/a [42]
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»

Source URL: https://www.gata.org/node/1794

Links
[1] http://www.jsmineset.com/s/Home.asphttp://www.jsmineset.com/s/Home.asp/a
[2] http://www.mips1.net/MGGold.nsf/Current/4225685F0043D1B242256CF50068DEhttp://www.mips1.net/MGGold.nsf/Current/4225685F0043D1B242256CF50068DE/a
[3] http://ls.shapebyforce.com/sbf/154http://ls.shapebyforce.com/sbf/154/a
[4] http://www.gold-eagle.com/editorials_03/hultberg032603.htmlhttp://www.gold-eagle.com/editorials_03/hultberg032603.html/a
[5] http://ls.shapebyforce.com/sbf/155http://ls.shapebyforce.com/sbf/155/a
[6] mailto:gata-subscribe@yahoogroups.com
[7] mailto:gata-unsubscribe@yahoogroups.com
[8] http://www.jsmineset.comhttp://www.jsmineset.com/a
[9] http://www.theminingweb.com/http://www.theminingweb.com//a
[10] http://www.gold-eagle.com/http://www.gold-eagle.com//a
[11] http://www.kitco.com/http://www.kitco.com//a
[12] http://www.usagold.com/http://www.usagold.com//a
[13] http://www.GoldSeek.com/http://www.GoldSeek.com//a
[14] http://www.goldenbar.com/http://www.goldenbar.com//a
[15] http://www.silver-investor.comhttp://www.silver-investor.com/a
[16] http://www.thebulliondesk.com/http://www.thebulliondesk.com//a
[17] http://www.sharelynx.nethttp://www.sharelynx.net/a
[18] http://www.mininglife.com/http://www.mininglife.com//a
[19] http://www.financialsense.comhttp://www.financialsense.com/a
[20] http://www.goldensextant.comhttp://www.goldensextant.com/a
[21] http://www.goldismoney.info/index.htmlhttp://www.goldismoney.info/index.html/a
[22] http://www.depression2.tvhttp://www.depression2.tv/a
[23] http://www.minersmanual.com/minernews.html
[24] http://www.lemetropolecafe.com/http://www.lemetropolecafe.com//a
[25] http://os2eagle.net/checksum.htmhttp://os2eagle.net/checksum.htm/a
[26] http://www.USAGold.com
[27] mailto:cpm@usagold.com
[28] http://www.ColoradoGold.com
[29] mailto:Gold@gwe.net
[30] http://www.gloomdoom.comhttp://www.gloomdoom.com/a
[31] mailto:gwestgaard@investmentrarities.com
[32] http://www.certifiedcoins.com
[33] mailto:leecoins@aol.com
[34] http://www.milesfranklin.comhttp://www.milesfranklin.com/a
[35] mailto:Metalguys@aol.com
[36] http://www.buycoin.comhttp://www.buycoin.com/a
[37] mailto:figoldstein@buycoin.com
[38] http://www.gata.org/creditcard.htmlhttp://www.gata.org/creditcard.html/a
[39] http://www.GoldMoney.comhttp://www.GoldMoney.com/a
[40] http://www.Crowne-Gold.comhttp://www.Crowne-Gold.com/a
[41] mailto:GATAComm@aol.com
[42] http://www.e-gold.comhttp://www.e-gold.com/a