jim sinclair posted this yesterday at jsmineset.com. in the past he said gold would break $1000 a second time, and drop back again. the third time it went through $1000 it would be for good. now he is more bullish, and says it is headed for $1200.

i hope he's right, but i still think the banks will do their best to "manage" the gold price until election day.

There are two subjects of extreme importance today.

I sent you an email months ago saying, “This Is It.”

1. I am now telling you, “It Is Now.”

Gold is preparing for an assault not on $1000, but for a brief penetration of $1200.
Violent chopping will occur, then off it goes to $1650.

This violent chop we have been living in here and now will resolve itself very soon and the take will be seen by history as having occurred in this last formation HERE AND NOW.

2. Where your juniors are concerned please give equal attention to the fundamentals before you make any decision. When beaten down, as they have been, think about gold at $1200 and $1650 coming sooner than anyone expected.