"the gold panic & what to expect in 2012"

"The Gold Panic and What to Expect in 2012

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With escalating fears from gold and silver investors around the world, including professionals, today King World News interviewed legendary Jim Sinclair. When KWN asked if he has ever seen this kind of fear and panic in the gold market, Sinclair responded, “Not in the first gold market (1970s), not in the gold market we are in now, not in the correction (in ’08 & ’09), which took us down after the first move through $1,000 and back under $800.”

Jim Sinclair continues:

“The amount of discontent and bearishness among people who know better is enormous. It’s moved from bearishness to some form of anger. (This is a) historical bottom, capitulation. A clear sign that the gold market is moving into an outrageously oversold position, most certainly in anything that’s a common share.

You must not allow your emotions to direct your decisions. Your emotions will always be your best contrary indicator you have. You have to examine the circumstances and ask whether or not the reasons why you’ve committed to something have changed. And if they haven’t changed, you simply need to buck up and go the course because you’re right.

People are beginning to literally crack, defined as shifting their total focus to their emotions and away from their intellect. I’ve seen emotionalism in areas where it doesn’t belong, where it’s never existed before. I’m in total shock.

When I see people who have distinguished themselves under pressure, over years, let their emotions cloud their judgement, actually letting their emotions break over them like a tidal wave, it puts me in total shock…."

Continue reading the Jim Sinclair interview on KingWorldNews.com…

The above was from http://www.jsmineset.com/2011/12/23/the-gold-panic-and-what-to-expect-in-2012/