payback time

How true can the following be for us?????


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Gold shares were actively depreciated by scheming hedge funds run by young bucks that have no knowledge of the extractive industry. They all will make spectacular recoveries.

Take the most recent transaction in the gold market between Eldorado and Euro Gold as a benchmark. It took place at $271 per pounce average price from inferred to proven. Many of these companies are selling at a discount to wholesale value and all the campaigning by the hedge fund shorts cannot hold the price at such a discount to wholesale value. The unsolicited calls of the concerned stockholder hedge fund trader should be viewed against the size of their put positions before using their hedge long to hammer the market in order to profit from their short via put positions taken listed and as OTC derivatives. These destroyers have no idea of what building entails.

I spent a 12-hour day traveling to New York City meeting with six different major investment funds and firms specializing in precious metals shares. In the last four months I have met with over 100 professional money managers in precious metals and have no intention of letting up slack in my activities. We discussed the economics of gold and gold shares.I can guarantee you that the change, when it comes for bullied and forced lower price gold shares, now in many cases below wholesale value of the entities, gold resources will move violently to the upside.

The cash and willingness to act is there. All that is needed is a catalyst and the upside move will be as or more vicious than the calculated manipulation was by young destroyers to the downside.

2012 will be the year of consequences for actions, more so than just in the price of gold and the unexpected dollar weakness of the 2nd half. It will be payback time.

Respectfully,
Jim Sinclair

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Could the movements of shares over the last 12 months that have been lent out, have been a mistake?

Will these shares ever be returned?

I think as Jim Sinclair has said payback time is very close.