Jim Sinclair: Popular delusions and the madness of the crowd
Monday, July 14, 2014
Manipulation such as the sale of $1.3 billion worth of paper gold at an illiquid time today is not to protect the dollar or bull the general equity market. It is to make money for the manipulators that want to cover their shorts here and begin to expand their long positions. That sale was a pure construct as there was no news to sustain the sell or to initiate it in the time span of its occurrence. ...
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