Jim Sinclair spoke to a packed house in Austin, TX over the weekend. Our valued writer, Bill Holter was there and I’m sure he will share his thoughts of the meeting in his column today, and I urge you to read it. Bill sat next to our friend, Bill Murphy from Le Metropole Café, and I have included the following summary of Sinclair’s presentation from Bill below in the Featured Articles section.
The key points are – the bottom in gold is in. Gold will hit $1,650 by August. Silver will outperform gold and be much more volatile. Gold’s next target is $3,500 and it could go much, much higher. The U.S. dollar could drop to 56. The stock market will move up, strongly, in this environment. Janet Yellen will have to jump start QE again.