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Saturday, May 7, 2011

Jim Sinclair : Gold to hit $3,000-$5,000 by June 2011?

Jim Sinclair, "I will stand with what I have said for nearly 10 years. Gold will trade at $1650 on or before January 14th, 2011. That never made me want to buy expensive in time call options." The gold banks are throwing blocks to the price as we approach $1262. This is a major waste of time and money as gold is going to and through that price. The only argument is whether gold will hit $1650 in January 2011 or $3000-$5000 in June 2011.

Jim Sinclair, who called the top of gold in 1980, unwound the Hunt Brother's silver position, and says we are headed towards a world currency.

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