December 12, 2011, at 7:03 pm
by Jim Sinclair in the category In The News | Print This Post | Email This Post

Dear CIGAs,

The following action is to be taken when the gold price get hit as currency controls are prepared, financial euromortus sets in, euro leaders talks politics, not actions, and when clearing houses go pear shaped.

Close your eyes, cover up with puppies, turn the heat down, light a wood fire and take a nap. Gold is headed for $4500 in the normal manner it always does – 5 steps forward and 4 back. RELAX!

Major buyers are between $1610 and $1650. Sellers are at $1764. It looks like the Gold banks are working for the Exchange Stabilization Fund.

Jim Sinclair’s Commentary