Jim Sinclair of late attended attended, in addition to provided the keynote address at the Syndey Gold symposium on Nov 14th. In the speech, he noted that real soon, nosotros should run across a tertiary moving ridge inwards the gilded markets, which should heighten the value of the metallic to $4500.00 an ounce afterward a brace of tike corrections.
You know I convey cracking honor for Alf Fields both every bit a chief of his methods (there are real few) simply besides for having a mercantile feel which cannot endure taught. You know of his accuracy during the 2 major bull markets for gold.
I fully concur amongst Alf on the potential of the adjacent move. I experience confident the pianoforte accordion chop that Kenny points out did consummate itself on the solar daytime of the longest predicted menstruum of consolidation.
I run across gilded headed into the $2000, simply alone every bit some other steep on its means to Alf’s number.
Respectfully,
Jim
The Skinny:
"Once this correction has been completed, Intermediate Wave III of Major THREE volition endure underway. This should endure the largest in addition to strongest moving ridge inwards the entire gilded bull market. The target for this moving ridge should endure around $4,500 amongst alone 2 13% corrections on the way." – JSMineset Contrary to the recent deflationary tactics of the Fed, gilded has held its ain in addition to it climbing i time once again afterward a major correction. This calendar week lone it has crossed dorsum over $1800, in addition to global indicators, peculiarly regarding United States of America in addition to European monitization, present that Sinclair's prediction is non out of the ballpark.