Tuesday, 2 August 2011

$1650 gold target reached. Congratulations to Jim Sinclair! 2011-08-02 20:20 BST UK Time

Just after I posted the last blog entry, I looked at my CMC Markets trading screen and gold spiked up just over $1650 per ounce. That is the target that Jim Sinclair has been quoting for almost the entire length of this bull market, since about 2001 I think. I am pretty sure that I remember seeing it myself in his articles as early as mid-2002. Even so, his later forecast of a date of January this year was off by 6 or 7 months.

Incidentally, I noticed the $1650 gold price at 20:20 UK time, which is in line with Mr. Sinclair's 20-20 vision of the gold market.

No comments: