this comes from jsmineset.com. jim sinclair has long held that gold has strong support at $882, so perhaps we will see if technical analysis has any validity. in any case he has emphasized his belief that gold will go to $1650 as follows:
There are consequences to the increase in liquidity created to craft the appearance that no further major international investment and banking companies will need rescuing.
Gold will trade at $1650 before the second week of January 2011. I am offering a $1,000,000USD wager with a financially qualified party that this will occur.
Any party on Bloomberg, CNBC or CNN stating an opposite opinion on the price of gold should be informed of this challenge.
Please communicate to any vocal bearish gold expert that I challenge them to put their money on their views.
Respectfully,
Jim