Sell Mortimer Sell...................

At 12:45am, gold is up $8.50 as the dollar is going back into its hole. Big Whoop. In a little over an hour it will be knocked down as it comes into Europe as has been the case for the last few weeks. Can you tell I am back to thinking the worst in the gold market. Now, please excuse me, I am still bleeding from my ass from the punishment it got today.

Just when I think I have seen it all, today comes along.

I had a very nice, long conversation with Jim Sinclair today, nothing earth shattering was shared, he is just a very nice, kind person who loves to share his knowledge with anyone interested in learning about gold and the market. I will share one little tidbit that I found a bit surprising. I had mentioned to him how shocked I was that gold gave back the entire $30 gain from Sunday night and really thought that after the Bear Stearns news, the brakes would be off gold for good. He replied to me that the brakes will never be off and that we will have the same fight to his target of $1650 that we have now.

I was shocked and surprised at that.