Dec 13th 2011 - he said gold was going to $4500. Gold has been destroyed since then.
The best way to play these markets is to fade sinclair. When he gives crazy price targets, buy PUTS. When he tells you to stop trading, buy PUTS. He is the ultimate contrarian.
See ya @ $1400 in January.
Many problems with you little chart. TRX has already had two runs. The company hasn't really made any discoveries. Remember they bought Buckreef. It has been years since the marginal discovery at Kigosi even though they just got around to producing a report.
All day long? You need a new watch! The pressure is taking a toll on you Luddy. You should try investing in a REAL producer or two, IMHO.
Well gang, NO production report for TRX. ;-)
He was pretty close with his $ 1,650 target. Gold is way over sold right now and the holiday volume is light. I think a more realistic scenario is $1,750 gold then a fall to about 1,600 then up past $ 2,000. Jim Rickards is calling for a form of QE 3 targeted to Europe in the first Qt. Hard for gold to fall too much more with that coming. By the way, Rickards said there would be no QE earlier when everyone was calling for it. He was right. He seems to be connected to the insiders. Jim Willie is saying the selling is a shakeout from the bad guys to the good guys. In other words, this gold drubbing is a good thing and counter intuitive. Time will tell, but I'm a buyer of the physical again. It's been a while since I done that. I wouldn't mind if the metals drifted lower for a while. I loved it when silver was smashed to $ 8.00 from 20. I bought as much as I could.