kingworldnews.com / March 8, 2013
Today legendary trader Jim Sinclair predicted that the gold market will shock market participants with $1,000 daily trading ranges as the West battles the East in the gold war. Below is what Sinclair, who has been actively trading the markets for over half a century and whose father was business partners with legendary trader Jesse Livermore, had to say about what is now taking place and what to expect as the gold war continues to rage.
Eric King: “The volatility in gold that you expect to see, Jim, can you talk about that?
Jim Sinclair: “I believe you will see a $1,000 day (in gold), and I think you will see it on at least three occasions. It’s not unimaginable if you go back to the market of the 1970s … And it will happen because kicking and screaming, gold is going to drag the US into a position of a balanced balance sheet, or near balanced balance sheet, if you assume that the gold the US claims to have in fact they do have, and the world will assume that….