December is this high enough gold price? From
'Jim Sinclair - Expect $1,000 Days In Gold As West Battles East'
https://kingworldnews.com/kingworldnews/KWN_DailyWeb/Entries/2013/3/8_Jim_Sinclair_-_Expect_%241%2C000_Days_In_Gold_As_West_Battles_East.html
"Eric King: “Jim, you’ve published some of the works of one of the individuals talking about a Wave III going forward (for gold), up to $4,500. That’s obviously a very violent move. If we repeated what we saw in the 1970s for gold in terms of performance we would have gold go from $250 to $6,250. My question for you is, this next leg, this advance in gold, how will that trade? Because it sounds very violent to the upside.”
Sinclair: “That’s exactly what will happen. In the beginning you climb the ‘Wall of Worry.’ You repair the technical damage. All of that (occurs) after the market has found a low due to physical demand by central banks.
As we go forward and the expectations of general investors are not going to be met by the reality of economic activity, then you begin to get some short covering (in gold), which creates your most volatile upside moves. I think that the number of $4,000 to $4,400 is the reality of where this market is going to move off of this low, through the continual adventures of the soap opera called the gold price.”
Eric King: “Jim, you talk about that short covering -- will that be part of the violence of Wave III?”
Sinclair: “I think that’s the way we are going to move from $3,500 up into the $4,000 range. I (then) think that you will have your Western central banks actually oppose the Eastern central banks in the sense that the speculation in the paper markets, if they still exist to any significant degree, would be utilized to try to cause just what we’ve gone through now (a reaction), all in an effort to protect the dollar."
"I don’t believe that gold will have the fall that it had in the 1980s. I firmly believe that gold is moving into a greater monetary position. It’s not moving away from money, it’s moving towards money. I believe that gold will be the necklace that currencies will wear.”"
Plus,
when does it happen. Very soon! At least the start of it will start soon. It probably won't culminate till 2015.
From
'Here is some guy in 1979 predicting gold would rise to $900', ie Jim Sinclair
https://www.jsmineset.com/2013/03/08/jims-mailbox-1196/print/
as scroll down link page above you come to
‘A Significant Development In Gold (recently) Suggests Bottom Near’
CIGA Eric
Excerpts:
"The downside pressure (on gold) generally stops working when DI and spreading activity surge simultaneously (chart 1)"
"In other words, instant ballistic rally or elevator-style decline (if end of economic problems which it is not) while the gold experts race for an explanation."
and
"In late January, I wrote "when spreading activity spikes above 80% (close) and silver ‘catches up’ (surged to 36% on 2/28 and 30% as of 3/5 – chart 3), gold bears be warned." (ie as just quoted - In other words, instant ballistic rally or elevator-style decline (if end of economic problems which it is not) while the gold experts race for an explanation.)
"Today I would add, when gold is ready, silver will likely lead precious metals complex whether or not its weak to strong hand transfer has been completed; a DI reading above 60% would indicate a statistically significant transfer in silver."
"The long awaited "something", a surge in spreading activity, has finally materialized in gold. Spreading activity as of March 05 is 79% while gold’s DI at 73% remains well above 60% (chart)."
Da da !!!!! Right?????