...on the future price of gold
I'm going with Jim Sinclair's take. After all....Bill Cara abandoned KRY long ago after calling it his "stock pick 'o the year".
Jim Sinclair's take:
Posted: May 13 2009 By: Jim Sinclair Post Edited: May 13, 2009 at 2:56 pm
Filed under: In The News
Dear CIGAs,
The stairs on the Golden Ladder that will be climbed are:
$900
$961
$1024
$1089
$1156
$1224
The steps on the USDX us dollar are:
.8200
.7200
.6200
.5200
The timing was April 19th and middle June to establish the launch period.
Bill Cara's Take:
Cara's Commentary & Community Chat, Tues., May 12, 2009
[8:09am ET] Practically every pundit is calling for a sell-off here. Markets, however, usually do the opposite of whatever is widely anticipated. This morning in the CTAB Trader’s Conference Call notes, published at the bottom of the Daily Report, there are several points to consider. Rather than rush in for a quick trade, I feel, other than for gold, which is breaking out to the upside, it’s time to sit back and take in the broader picture. There are many developments taking shape.
Remember, gold is the last item to clear the retail shelves. After this late in the cycle pop in precious metals, it’s almost certainly time to sell in May and go away.
