Jim Sinclair, told King World News that the massive paper gold shorts are now trapped and may see gold gap up to $3,000 if a vacuum in the physical market develops.  ... we've seen some V-bottoms during daily operations, where they (manipulators) have forced gold (down) and it just snapped right back. There is no question, it is a matter of record, that multiple central banks around the world have been significant buyers of a significant amount of gold in the last two months. ... At the same time, gold will be upgraded by its use in settlement by China and Iran. This is a very significant change. The physical market is overcoming the paper market, and gold is being used in huge amounts by a giant (China) in international commerce, in commercial settlement. That's news. This is something that will go down in the history of gold, that very few have properly analyzed or understood at the present time

Lijit Search

Comments: Be the first to add a comment

add a comment | go to forum thread