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Allied Nevada Gold Corp. Message Board

  • dedrapop dedrapop Mar 12, 2013 6:15 PM Flag

    'I firmly believe gold is going up into the $3,500 range and higher' – Sinclair

    Given the high interest of the central banks from the East, he expects that the price of gold will rise to 3500 dollars per ounce and maybe to 4000 dollars per ounce. In this scenario the price of gold is likely to be caught in a tug-of-war between the central banks of the West and the central banks of the East. “I think that you will have your Western central banks actually oppose the Eastern central banks in the sense that the speculation in the paper markets… would be utilized to try to cause just what we’ve gone through now, a reaction, all in an effort to protect the dollar”, said Sinclair.

    Sentiment: Strong Buy

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