Although I despise the GLD and everything it stands for, it provides a spec vehicle for the Jim Sinclair call of $1,650 by the middle of January (less than 5 months away) which has been his call for several years and he is still sticking by it. You can buy the January $150 call options (equal to approx $1,500 gold) for $.90 right now. When gold hits Jim's number of $1,650 in January, the options should be worth close to $15 for a nice 1,500% gain in 5 months. Seriously considering a few contracts since I've followed him since 2005. Wondering if he is playing the Sinclair Call Option? The $150 strike has the most open interest of the January calls so others are obviously playing along.

stateside