Saturday, March 2, 2013

Jim Sinclair - We Are Witnessing A Historic Low In Gold

“Historically we are at an extreme low. But more so than that, when you are short you have a price objective. If you are a government you have a price objective. That price objective being reached might change the pattern of your trading.

The pattern of what’s taking place in this down market is absolutely clear: At periods every day like clockwork, when the lowest volume of trading historically takes place, the largest amount of offerings have come into the marketplace (for gold), creating a drubbing, a down (move).

Every time there is a major move in a market there will be hangers on, and they are the ones that tend to lose on both sides...."

- Jim Sinclair via a recent King World News interview, read the full interview here: