Jim Sinclair: Gold Shorts to get Squeezed
January 11 — Tremendous fear remains in the gold market, even as gold has recovered from recent lows to hit the $1,640 level. Today King World News interviewed legendary Jim Sinclair, to get his take on the situation. When KWN asked how his father, Bert Seligman and Jesse Livermore would have known we hit a bottom in gold, Sinclair remarked, “There would be two reasons why: Number one, you can’t identify, especially over the last seven sessions, where that demand was coming from which began to give the gold market an entirely new look. Secondly, they (Bert Seligman and Jesse Livermore) also had a strong feel for tops and bottoms in terms of momentum at extremes.” Read more.
