The Gold Creed
By Jim Sinclair
Tuesday, May 4, 2004
http://www.jsmineset.com [1]
Please repeat after me: "In 103 days or less gold will
trade at $480."
I know this because:
* China is doing the right thing by increasing interest rates
to decelerate growth to a comfortable 4 percent per year.
* Increased interest rates are part and parcel of a major bull
market in gold. So I can rest assured that we are in a major
generational bull market in gold. Increased interest rates are
more often dollar negative than dollar positive. The only time
increased interest rates are dollar positive is when the
shortest-term interest rates rise ahead of similar rates for
currencies competitive to the U.S. dollar. There is no chance
of that occurring with a Federal Reserve that uses the word
"measured" when considering higher rates.
* Geopolitics is a guarantee of higher gold prices, certainly
when you factor in the new strategy of al-Qaeda to disrupt
Saudi oil supplies.
* Gold mining shares are asset-based situations that will
be valued according to asset value per share, not price-
earnings ratios. This can be seen in the valuation for
acquisition that occurs within the industry itself.
Therefore the low in gold shares can be considered in as
of now.
So we are therefore at the starting gate for gold's mercurial
rise, which now will move to and through $419.70 and then
to $430.30 on its way to and above $480.
In 103 days or less gold will trade at $480.
----------------------------------------------------
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----------------------------------------------------
RECOMMENDED INTERNET SITES
FOR DAILY MONITORING OF GOLD
AND PRECIOUS METALS
NEWS AND ANALYSIS
Free sites:
http://www.cbs.marketwatch.com [4]
http://www.gold-eagle.com/ [6]
http://www.capitalupdates.com/ [10]
http://www.DailyReckoning.com [11]
http://www.goldenbar.com/ [12]
http://www.silver-investor.com [13]
http://www.thebulliondesk.com/ [14]
http://www.sharelynx.com/ [15]
http://www.mininglife.com/ [16]
http://www.financialsense.com [17]
http://www.goldensextant.com [18]
http://www.goldismoney.info/index.html [19]
http://www.howestreet.com [20]
http://www.depression2.tv [21]
http://www.moneyfiles.org/ [22]
http://www.howestreet.com [20]
http://www.minersmanual.com/minernews.html [23]
http://www.a1-guide-to-gold-investments.com/euro-vs-dollar.html [24]
http://www.goldcolony.com [25]
http://www.miningstocks.com [26]
http://www.mineralstox.com [27]
http://www.SilverSeek.com [29]
http://www.investmentrarities.com [30]
http://www.kuik.com/KH/KH.html [31]
(Korelin Business Report -- audio)
http://www.plata.com.mx/plata/home.htm [32]
(In Spanish)
http://www.plata.com.mx/plata/plata/english.htm [33]
(In English)
Subscription site:
http://www.lemetropolecafe.com/ [34]
Eagle Ranch discussion site:
http://os2eagle.net/checksum.htm [36]
Ted Butler silver commentary archive:
http://www.investmentrarities.com/ [37]
----------------------------------------------------
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 [38]
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 [39]
Colorado Gold
222 South 5th St.
Montrose, Colorado 81401
www.ColoradoGold.com [40]
Don Stott, Proprietor
1-888-786-8822
Gold@gwe.net [41]
El Dorado Discount Gold
Box 11296
Glendale, Arizona 85316
http://www.eldoradogold.net [42]
Harvey Gordin, President
Office: 623-434-3322
Mobile: 602-228-8203
harvey@eldoradogold.net [43]
Investment Rarities Inc.
7850 Metro Parkway
Minneapolis, Minnesota 55425
http://www.gloomdoom.com [44]
Greg Westgaard, Sales Manager
1-800-328-1860, Ext. 8889
gwestgaard@investmentrarities.com [45]
Kitco
178 West Service Road
Champlain, N.Y. 12919
Toll Free:1-877-775-4826
Fax: 518-298-3457
and
620 Cathcart, Suite 900
Montreal, Quebec H3B 1M1
Canada
Toll-free:1-800-363-7053
Fax: 514-875-6484
http://www.kitco.com [46]
Lee Certified Coins
P.O. Box 1045
454 Daniel Webster Highway
Merrimack, New Hampshire 03054
www.certifiedcoins.com [47]
Ed Lee, Proprietor
1-800-835-6000
leecoins@aol.com [48]
Miles Franklin Ltd.
3015 Ottawa Ave. South
St. Louis Park, Minn. 55416
1-800-822-8080 / 952-929-1129
fax: 952-925-0143
http://www.milesfranklin.com [49]
Contacts: David Schectman,
Andy Schectman, and Bob Sichel
Missouri Coin Co.
11742 Manchester Road
St. Louis, MO 63131-4614
info@mocoin.com [50]
314-965-9797
1-800-280-9797
http://www.mocoin.com [51]
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 [52]
Swiss America Trading Corp.
15018 North Tatum Blvd.
Phoenix, Arizona 85032
http://www.swissamerica.com [53]
Dr. Fred I. Goldstein, Senior Broker
1-800-BUY-COIN
FiGoldstein@swissamerica.com [54]
----------------------------------------------------
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