Tuesday, November 15, 2011

Jim Sinclair sees gold hitting $4500 an ounce in next major wave

Jim Sinclair recently attended attended, and provided the keynote address at the Syndey Gold symposium on November 14th.  In the speech, he noted that very soon, we should see a 3rd wave in the gold markets, which should raise the value of the metal to $4500.00 an ounce after a couple of minor corrections.

You know I have great respect for Alf Fields both as a master of his methods (there are very few) but also for having a mercantile sense which cannot be taught. You know of his accuracy during the two major bull markets for gold.
 I fully agree with Alf on the potential of the next move. I feel confident the accordion chop that Kenny points out did complete itself on the day of the longest predicted period of consolidation.
 I see gold headed into the $2000, but only as another steep on its way to Alf’s number.
 Respectfully,
Jim
The Skinny:
"Once this correction has been completed, Intermediate Wave III of Major THREE will be underway. This should be the largest and strongest wave in the entire gold bull market. The target for this wave should be around $4,500 with only two 13% corrections on the way." – JSMineset

Contrary to the recent deflationary tactics of the Fed, gold has held its own and it climbing once again after a major correction. This week alone it has crossed back over $1800, and global indicators, especially regarding US and European monitization, show that Sinclair's prediction is not out of the ballpark.

2 comments:

I wonder how complicated outsourced marketing for gold is considering its worth nowadays.

I can see a lot of digital markets selling gold all over the web. It comes as no surprise, its worth keep on increasing.

Best,
Mischna Ong

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