by Jim Sinclair
My Dear Friends,
Teaching you via jsmineset.com what the gold industry does as spread traders to rig the market for private gain now has a very serious purpose. That is not to make you spread traders. I teach you this so you know why I have had and still have the courage to ignore the manufactured reactions.
That recent 32,000 long contract sale that drove the market lower in minutes was not some major investor getting out because he/she feared the end of the gold market. That sale was the Hammer of Thor type selling of the long side of a spread opening up the short side at risk for gain. That 32,000 sale was the industry picking your pockets, knowing full well gold was going higher.