James Sinclair is like the wind on the Great Plains--it never stops blowing.
Today legendary trader and investor Jim Sinclair told King World News the gold market has turned into a coiled spring that will be extraordinarily explosive on the upside. Sinclair also said that central banks have been aggressively accumulating gold because it is going to part of the monetary solution. But first, here is what Sinclair had to say about the gold market: "The attempt to keep (the gold market) from moving higher, creates, by nature, a spring, a coil as it were in markets. If the spirit of the gold market could have been broken, it certainly would have been broken down at the $1,500 level. This thing is turning into a spring, into a coil, and when it goes it's going to be something to behold on the upside. Both in the shares and in gold itself." |
