Saturday
Jul162011
Gold Milestone at $1,764 Paves Way to $12,000 (Jim Sinclaira)
Saturday, July 16, 2011 at 5:00PM Gold Milestone at $1,764 Paves Way to $12,000 (Jim Sinclaira)
With gold hitting new all-time highs yesterday in dollars, euros and pounds, today King World News interviewed legendary trader Jim Sinclair and Dan Norcini to get their take on where things stand in the gold market. When Sinclair was asked about the action in gold he stated, “Gold at $1,764 is as important as gold at $524.90, and above $524.90 the gold market went into a runaway. It’s the exact same setup at $1,764, but having said that $1,764 should bring in some significant supply.
