Tuesday, July 27, 2010

Jim Sinclair on Gold

From his email missives on a day when gold tanked 25 bucks:
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Calls I am getting this morning are total capitulation calls. Emails are worse. Gold will trade at $1650 and beyond.

The timing remains the same. Gold will trade at $1650 on or before January 14th 2011. Martin Armstrong is eyeing a higher number, but later in June of 2011.
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I am not disagreeing. I'm just is correction mode looking for a nice fat pitch to hit (lower prices)