Jim Sinclair: Things going to get much worse...gold to exceed $10,000\ounce

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Jim Sinclair: Things going to get much worse...gold to exceed $10,000\ounce

posted on Jan 25, 2009 06:01AM

My Prediction

Posted: Jan 23 2009 By: Jim Sinclair Post Edited: January 23, 2009 at 6:09 pm

Filed under: General Editorial

My Dear Friends,

Everyone is looking for where and when the top in gold will come. Will it be Jim’s $1650 or Alf Field’s $10,000 plus before it comes back down?

To put it nicely, you are all wrong. Gold is going up and STAYING up.

There is no top to look for because like all things people strive for, the top does not exist.

Gold will trade within $200 of a given point as a product of the Master of the Financial Universe, Paul Volcker, taking control when all this is totally out of control. He will instate the revitalized and modernized Federal Reserve Gold Certificate Ratio, not gold convertibility, and not tied to interest rates as an automaticity.

The Gold mining business will then be the best business there is and the highest dividend paying monetary utility.