Jim Sinclair: Gold to Launch to $1764 Angel in June

May 6, 2011 By 2 Comments

Sinclair says “Relax.”  We’ve been more excited than relaxed the past few days watching our buy orders light up and filling up the truck with physical. 
We might soon become even more excited, as Jim Sinclair, who has stuck with his $1650 gold call for around a decade now (although admitting his target will be woefully low), today stated gold will vault towards $1764 in June as a result of today’s price action.

From Jim Sinclair of JSMineset:

Dear Friends,
Today’s action totally eliminates all and any concern for the price of gold. Today’s action lights up the $1764 Angel in gold.
Technical damage always requires technical repair.  That type of price action is a perfect set up for a major launch of the gold price in June.
Relax and enjoy your protection and insurance positions.
Regards,
Jim

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Comments

  1. Anonymous says:
    May 6, 2011 at 9:04 PM

    yeah, he said gold would be at $1650 by this past Jan 14th too.

  2. Big Machine says:
    May 8, 2011 at 4:56 PM

    Yeah, but he made that call 10 years ago when everyone else was saying gold would go to zero!

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