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Commodities Briefing - Categorized | Bullion/Gold, Market Pulse more

Jim Sinclair: Goldman ready to reverse on gold later

Posted on 10 December 2012

Goldman Sachs has put out a negative call on gold saying that the bull market is over, exactly the sort of market maneuver predicted six weeks ago by “Mr. Gold” Jim Sinclair, the widely followed veteran of the 1970s gold boom.
Then he claimed the bullion banks would look to pull gold down one last time to allow them cover to reverse their own huge short positions in the market. Once this is safely accomplished they will go fully long in their own positions and take the gold price far higher………………………………………..Full Article: Source

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This post was written by:

VRS - who has written 38144 posts on Opalesque Commodities Briefing.


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