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.
Whoa “56” wow, and that is with the idea that it is being falsely propped up. Extraordinary…..SG’s prediction…..chaos runs rampant before 56 is on the boards
Well, I certainly hope that the bottom is in for gold but this is not the 1st we have heard that it is. Sinclair said some months back that gold would not drop below, what, $1500 or was it $1600? Either way, yes, it DID drop below that and has been stubbornly resistant to rising up to even $1300.
Not to worry, though. Those of us who have considered the sub-$1300 gold price as an opportunity to buy a decent amount have already done just that. 🙂
Could you comment on Bix Weir’s statement that unless your metal is in your own ‘hot little hand’ it is not safe even if it stored in the most honest dependable storage program.