Jim Sinclair 5 major US banks will default this week

Breaking News: January 30, 2012. In this unedited interview with Ellis Martin and Jim Sinclair reveal a bombshill news regarding the impending default of 5 major US banks tomorrow or by the end of this week according to the ISDA International Swaps and Derivatives Association .Jim Sinclair, host of http://www.jsmineset.com/, gave in the past successful predictions about the gold price , US debt problems, how to ride the trend and the second phase of the gold bull. It's a gear change from arithmetic to exponential growth as public perceptions about the safety of the US dollar changes. The debt ceiling debate is a wake up call for people all over the world.

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.