Tuesday, July 12, 2011

Message From Jim Sinclair - Gold is setting up for the $1600- $1650 battle royal.

My Dear Friends,

Talk of further Fed easing if the economy continues to weaken put gold thrhttp://www.blogger.com/img/blank.gifough the technical overhead resistance, driving the algorithms bullish as gold sets up for $1600.

There is no question the economy is going into a double dip which will be lower on the second dip. Quantitative easing will continue with vigour.

Gold is setting up for the $1600- $1650 battle royal.



There Goes Gold via ZeroHedge.com

There Goes Gold
Submitted by Tyler Durden on 07/12/2011 13:39 -0400

There probably is a reason for the sudden move higher in gold, but we don't know or care. At this point the end of Ponzism is a given. Just a matter of time. Next stop for gold $2,000, then various multiples of $1,000 after. But first, the all time nominal high of $1,577 from May 2.