'Gold is a currency that will go up to touch $ 1650'

By Jim Sinclair
All this has happened before. Have patience as the price of gold is going to $1650 and probably beyond. Please read Dan's letter to an inquiring CIGA concerning the present action of the gold price.

Please read Monty's fundamental update on Global and unstoppable inflation.

Please know that monetary inflation causes price inflation regardless of the state of business activity.

Gold is a currency and that cannot be erased no matter how hard any person, central bank, or group of central banks may try.

There is a feeling that the euro cannot surpass $1.60, so gold hesitates. Today $1.60 was hit and the euro fell back slightly.

Yesterday I showed why the interest rate talk will not prevent the dollar from falling against the euro beyond $1.60.

The 35 year synthetic euro chart screams that the euro will go above USD$2.00

Seasonality only applies to gold when the price of gold is wholly dependent on commodity demand to make price.

Whatever gold has in it on the downside will exhaust itself in terms of potential by early May.

I have recently made an offer to prove to you my firmness in belief that gold will go to $1650. I expect an agreement to be announced soon.

Relax. This has happened before and will again. Look at how far we have come since $248 - now above $900. In the not too distant future we will be at $1650.

Courtesy: www.jsmineset.com