This is taken from another board

Posted: Jan 28 2010 By: Jim Sinclair Post Edited: January 28, 2010 at 4:27 pm
Filed under: General Editorial
Dear Extended Family,
Today I have received many emails concerning Mr. Soros’ dislike of gold. You may have noticed that Mr. Buffett and Mr. Soros seem to be in a PR contest for the position of spokesperson for the future of the USA.
Many Americans erroneously see gold as anti-American and those that do not see a major future for the US dollar as traitors.
You will recall Mr. Buffett’s recent entry into the railroad business was deemed by him and others as being a vote of absolute confidence in America’s continued economic recovery and its sustainability. It is sort of a quasi-competition for economic President of the USA.
I file his bearishness as what he sees as a patriotic position
Nobody can jawbone the gold market for more than a very short term period. Gold is going to and through $1224.10 on its way to $1274-$1278. Following this gold will move onward to $1650 prior to reaching Alf’s and Martin’s published price objectives. This will happen regardless of the many top callers and self deemed patriots screaming out of the woods today.
Respectfully,
Jim