Thursday, March 15, 2012

$1764 Still In Control of Gold

In past posts, I have presented Sinclair's prediction from more than a year ago that when gold gets to the $1764 level, it would encounter severe downdrafts and form the biggest resistance level of the bull market. That has certainly turned out to be right as rain. I want to just show here where we're at in this show: (click on images to enlarge, then right click and view image. Click on image again)

Sinclair predicts a huge climb once $1764 becomes history. Some more weakness near term would be in order, but that can't be guaranteed.

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