Jim Sinclair: 5 Major US Banks Could Fail From Derivatives
January 12 — With gold rallying toward the $1,650 level, today King World News reached out to legendary trader Jim Sinclair to get his take on what is happening. Jim Sinclair’s KWN audio will be released today and when asked if the technical damage that many claimed existed in the gold market was a bit of nonsense and a scare tactic by the cartel, Sinclair stated, “Exactly, correct. (It was) a product of algorithms, of manipulation, of chart drawing, a product of the times. They (the commercials) will sell again at $1,681, but it’s just more delay in a drama.” Read more.
