EXCERPT FROM JIM SINCLAIR'S COMMENTS AUGUST 14, 2008

"Not only do the fundamentals still argue for higher gold prices and a lower dollar but these cause points have become more inviting as the financial situation disintegrates further. Today's inflation report was presented to the media as a basis for an increase of interest rates in the US coming on the heels of a major program to define the oil situation as “Global Destruction of Demand” and “Rate will Decline in EU.” So today’s PR play was for lower energy and higher US interest rates. Currency intervention is now over but the PTT is taking advantage of the weakened commitment now existing after more than a ten cent drop in the Euro value versus the US dollar. When the long side is exhausted, the pros will take advantage and do like today based on nothing much in reality. Not to be redundant but gold is going to $1,200 and $1,650 regardless of the massive spin 24 hours a day, seven days a week, or from soothsayers."