I get it folks, I really do. He created a blog that said gold was going to go up and it did. But that alone does not make him an expert. He did say he wanted to wager 1 million that gold would hit $1650 by January 2011 and he was wrong. He made many many predictions that were wrong. Remember his call to stop trading in 2008? His call about the killer bees? About Oil going to $200/barrel? He made 100's of predictions and you only remember the ones that hit, not the ones that miss. This is how Nostradamus became famous.
You folks think Sinclair is some type of genius and that is why you are long his stock. I am not a geologist, nor am I an expert is anything. I might be an expert in annoying people but thats about it. I have been gambling in gold stocks for years and years and I can tell you one thing I believe to be true: TRX IS NOTHING BUT 100% PURE HYPE AND IT IS GOING TO $0.00/SHARE
Iamgold passed on the property because it was worthless. Barrick is having problems in Tanzania with their mine.
I think I know what Sinclair's plan was. He wanted to keep everyone in the dark about the future prospects of the company, hoping that a skyhigh price of gold would send the shares to $10, $20 or even $60/share. The market eventually calls all bluffs. Just like the market finally called Bernie Madoff's bluff after 30 years; I believe the market has finally called Sinclair's bluff. I really think it is going to $0.00. Sinclair and Madoff both come from the same homeland. Same with the wall street bankers. Seems like it is in their DNA.