Jim Sinclair has said many times that this current bull market in gold is NOT like the last one. He has said that this time gold will get very high, maybe pull back some BUT stay high. In other words, gold could 'spike' to $8,000 and settle at $6,000 +/-
No matter what happens, if gold stays above $1,200, Tyhee and most miners will make a nice profit. Any higher gold price is gravy.
SM