by Jim Sinclair, JS Mineset:
There is a short play to their “fade it” game to cover their shorts in gold shares. They started Friday at open and again at 1 pm.
Here comes the big short play to cover in the gold shares. As they perceived today, weakness in general equities and their algorithms went to bear equities they also sold the gold shares irrespective of gold going higher.
I will sell anything I cannot gold, from cars to boats to houses, to buy my favorite gold shares. You should do the same.
Jim Sinclair’s Commentary
The manipulators cannot sit on gold shares for very much longer.
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