Alf Field, the man who Jim Sinclair has labeled the best gold chartist alive, has released his latest gold analysis for 2013.
Field states that there is a high probability that the 3 month correction in gold that began at $1797 is now completed, and that gold is perfectly set up from a technical perspective for a quick move to $4,500 in the next up-leg once $1800 is taken out to the upside.
Field concludes his analysis by stating that gold is well set up for a spectacular move in 2013.
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Field states the bottom is in for gold:
There is a high probability that the correction in the gold price that started in early October at $1797 has been completed.
Things are looking up for gold in 2013, as once $1800 is taken out to the upside, Field believes we will see an explosive move in gold:
Once $1800 is taken out on the upside, the gold chart will look tremendous. A beautiful “cup and handle” base would then provide strong support for a vigorous upward climb in the precious metal. At this stage there is no reason to abandon the rough target of $4500 for this coming upward wave. Once we have the next upleg above $1800 in place, it will be possible to start refining this target.
It seems that gold is well set up for a spectacular year in 2013.
Click here for Alf Field’s full 2013 gold analysis:
![[Most Recent Quotes from www.kitco.com]](http://www.kitconet.com/images/live/s_silv.gif)
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Another day. Another ramp. Always good for morale though.
much like the concept of 250 dollar silver… I’ll simply take some solid consistent moves up rather than mentally masturbating about being independently wealthy..
Sounds great!!
Forgot one thing:Cartel intervention with unlimited fiat supplied by the Fed.
Do you think the Feds will engage directly inprice suppression of gold, given their bottomless checkbook and the ESF instead of working with their surrogates? Does anyone have direct knowledge of how they would do this, along with when and if?
I think much of the QE money that is being created from ‘hot air’ is specifically generated to continue the suppression on gold and silver markets in the process of monetizing our debt. I have no direct knowledge of anything other than knowing I will keep trading heavy amounts of FRNs off for phyzz silver for as long as it stays under $40.
Sadly my excess fiat has been tied up buying lead…
Bullshit! This guy does not know what he is talking… He is bias and is giving his own wishful thinking! As I write here, sellers are still pressuring the prices down! Who is winning, nobody knows… Why? Coz we are in range bound for now! For all new stackers, take note that fundamentals differs largely from technicals UNLESS it is confirmed that the physicals have been decoupled from the papers!
Looks like “someone” just took a dump on the chart. Raid in progress.
Nah, they just rehypothecated the silver that was picked up in the armored car crash the other day…. /sarc
Can we really trust this Sinclair guy who helped lend the Hunt Brothers $1 Billion dollars in collaboration with the Federal Reserve? If you read up on Jim Sinclair he is related to the House of Seligman. I am not sure if you guys have seen this before but it is worth a read:
The Sinclair BloodlineA prominent economic and financial analyst has been predicting for several months that the U.S. dollar will collapse in early November 2009. James Sinclair is the Chairman and CEO of Tanzania Royalty Exploration Corp. which procures royalty interests in gold production in Tanzania in central East Africa. Jim Sinclair is also the son of Bertram Seligman whose family started Goldman Sachs, Solomon Brothers, Lehman Brothers and other major investment banking firms.”…I know how things end in the market even before they begin. I am the son of one of the world’s greatest traders, Bertram J. Seligman, who like, Jesse Livermore, always knew what was over the horizon. I do not pretend to have all the talent of those market giants but just some of it. Goldman Sachs, Solomon Brothers, Lehman Brothers, and Bache were a few of the firms started by my family. All this appears in a book called ‘Our Crowd.’” (Jim Sinclair, GATA) Our Crowd: The Great Jewish Families of New York by Stephen Birmingham relates details of the powerful New York banking alliance in which the House of Seligman—the ancestors of Jim Sinclair and his father, Bertram Seligman—became partners with the House of Rothschild and the House of Morgan:”…in the autumn of 1874, Baron Rothschild summoned Isaac Seligman to his office to give him a piece of news. Some $55 million worth of United States bonds were to be offered for sale, and, the Baron suggested, the issue might be backed by a combination of three houses — the House of Rothschild, the House of Morgan, and the House of Seligman. For the first time, August Belmont would act as agent for both the Rothschilds and J. & W. Seligman & Company… The Seligmans were now participating in the most powerful financial combination in the history of banking.”At last they were able to consider themselves the Rothschild’s peers. The Seligman–Belmont–Morgan–Rothschild alliance, furthermore, was so successful that by the end of the decade there were complaints on Wall Street that ‘London—and Germany—based bankers’ had a monopoly on the sale of United States bonds in Europe—which they virtually did. The Seligmans were now being called ‘the American Rothschilds’…” (Our Crowd: The Great Jewish Families of New York, Stephen Birmingham, pp. 138-139) The family of Bertram Seligman also started the Bache Group which loaned money to Herbert William Hunt and his brother Nelson Bunker Hunt after they declared bankruptcy in 1981, having reportedly lost billions of dollars trying to corner the silver market. Jim Sinclair advised the Hunt brothers:“From 1981 to 1984, Mr. Sinclair served as a Precious Metals Advisor to Hunt Oil and the Hunt family for the liquidation of their silver position as a prerequisite for the $1 billion loan arranged by the Chairman of the Federal Reserve, Paul Volker.†(Jim Sinclair’s Mindset)(See also: The Synarchy: Part 3) Does this scenario sound familiar?”Many Government officials feared that if the Hunts were unable to meet their debts, some large Wall Street brokerage firms and banks might collapse. To save the situation, a consortium of US banks provided a $1.1 billion line of credit to the brothers which allowed them to pay Bache which, in turn, survived the ordeal. The U.S. Securities and Exchange Commission (SEC) later launched an investigation into the Hunt brothers, who had failed to disclose that they in fact held a 6.5% stake in Bache.” (Wikipedia) Jim Sinclair, who received his mother’s maiden name, belongs to the high ranking Merovingian Sinclair/Saint-Clair bloodline.”Although Bertram Seligman was my father, James Sinclair (from my mother) has been my name since birth. If it had been possible, I would have changed my surname back to my father’s prior to entering my career.” (GATA)The Sinclair surname is the Scottish variant of the French Saint-Clair.”The Scottish Sinclair family, which includes the Earls of Caithness, originally held the Norman barony of Saint-Clair. Sir William Saint-Clair (1240 – 1303), was a leader of a rebellion against Edward 1 of England; his son, Sir Henry Sinclair, fought for Bruce at Bannockburn, and Sir Henry Sinclair was created Prince of Orkney in 1379.” (Internet Surname Database)The Merovingian Sinclair/Saint-Clair bloodline, which claims to be the lineage of Christ, is really the bloodline of the false Christ:”The modern Priory of Sion…must nurture and protect the bloodline of Christ – those few members of the royal Merovingian bloodline who have survived into modern times… Only two direct lines of Merovingians remain. Their family names are Plantard and Saint-Clair.” (The Da Vinci Code, pp. 279-280)(See: The Merovingian Dynasty)”The knowledge of Wall Street runs in my blood, my heart, and my soul.” In his commentaries below, Mr. Sinclair is quite certain of a November dollar collapse.
http://wakeupfromyourslumber.com/blog/pandora/outing-jim-sinclair-sinclair-rothschild-goldman-sachs-lehman-bros-connections#comment-45383
Once a crook, always a crook.
And the word HOPE does not exist in my trading world!
@Jav
It is strange. It seems that Jim Sinclair on the one hand talks about his family history with pride and pretentious claims of being ‘great’, ‘mighty’, and ‘brilliant’…. but on the other hand he seems to try and portray himself as if he is the vanguard of freedom, championing himself as a fighter for precious metals and being against all the big banks his family helped create in the first place (ie GoldmanSachs, Lehman, and Solomon Brothers).
The guy is an enigma and he should really clarify his position and his history in future articles as there are many questions to be answered on who this guy really aligns himself with…. it is either with the elite financial class and central bankers of the world, or ‘we the people’ and the ‘individual investor’.
I say he appears way too pissed off to be a shill. And what on earth would TPTB stand to gain by having him promote Silver?
That’s what my gut says.
@widget
You may be right, and I could be just reading too much into someone else’s opinion. I am just naturally a really skeptical person when it comes to listening to people that have connections to a much higher degree than the average Joe. I support silver and gold just as much as anyone on this site and it appears Jim’s message all along has been to support silver and gold as well; but some of the hysteria he tends to create as if he is some idol makes me think twice about him.
He comes off as if he is some Gold/silver messiah….. I don’t need someone who doesn’t know me to tell me that we just need to “hang on”, “silver and gold are about to go to the moon”….. meanwhile gold and silver are getting smashed lower as he comes out with his comments and premonitions that gold will go to $14,400.
By the time gold hits $14,400 an ounce, the whole fiat monetary system (and the world as we know it) will have been completely destroyed and the bond market will have to yield something exponentially higher, that is if it still exists. Stocks will hit a new nominal low…. etc etc etc….. It is as if he trying to predict the end of the world and I don’t need someone telling me when the end of the world is coming or to try and create hysteria by making new predictions on the price of Gold (why didn’t he make this prediction before QE4?) at the height of a Gold and Silver raid post QE4, because he is not being biblical about it. The end of the world will come like a thief in the night and as a christian we are told to guard ourselves against false prophets that can deceive us on the end times.
spectacular move for 2013? Well, he didn’t specify which direction.
And, how can the correction be over if the day after your pronouncement gold falls lower than the low of the correction?
in 2011 silver was set to explode 50 dollars by the end of the year…. in 2012 silver was set to explode 50-60 dollars by the end of the year … in 2013 silver is set to explode and the quote is in the 100s … well not convinced its not even nice to hear as despite QE4 when silver should be climbing it has been driven lower on a daily basis ….. the market is so heavily rigged i would not be suprised to see the paper market collapse simply because its unplayable