Sinclair is the man!25 Jan 2019 16:53
It is beginning to look as though Jim Sinclair's forecast for the gold price will be proved right.
Back in the days when the gold price was around $400, Sinclair said it would go to $600.
The MSM laughed and poured scorn on him saying that it would go to $200. Sinclair was proved right.
When the gold price was around $600, Sinclair said it would go to $800.
The MSM laughed and poured scorn on him saying that it would go to $300. Sinclair was proved right.
It went on like that for years until eventually the MSM, having been made to look ridiculous by Sinclair, dropped all mention of him. They didn't dare to take him on.
Then Jim Sinclair made his famous million dollar wager. The gold price was a round $800. This was about 2008 or 2009 I think.
At that time any forecast of a gold price above $1,000 was considered outrageous and unbelievable.
Sinclair made a bet that, by 14th January, 2011, the gold price would be $1,625, I think it was. If I am wrong I am only a few dollars out.
He offered the bet to anyone who cared to take it on. This was well publicised on the gold sites. The only condition was that anyone who wanted to take on the bet had to have a million in cash to be handed to a lawyer, along with Sinclair's own million in cash, to be held in escrow.
No one took his bet. Despite the call being so outrageous, no one dared to bet against Sinclair with his track record of spot on gold price forecasts. He used to call them his "Angels" for gold. Does anyone remember that? Do a search using "Jim Sinclair gold angels".
Had anyone dared to take that bet they would have won. Sinclair was wrong about the gold price being abouve $1,600 on 14th Janaury, 2011 - but in June of 2011 it did go above $1,600.
Sinclair was right about the price but he was a little out on the timing - it was still an a amazing forecast considering how many years prior he had made it.
In 1980, Sinclair was reputed to be the world's biggest gold trader. When gold hit its peak of $850 (I find that a bit of a false indicator as it was only an intra-day peak. $650 is more accurate, in my view) Sinclair knew that the gold bull wa sover. He got out of gold and got back in to gold in 2000 or 2001, catching the $250 bottom. He knew that the next gold bull was starting. It was soon after that when he started his web site and I have been reading it almost every day since then, but when he made it a subscription site, I didn't subscribe. He now only publishes for free, some of the information that he makes available to paying subscribers. Just a few "teasers" you might say.
Who is old enough to remember Bunker Hunt \ the Hunt Brothers? Sinclair was the man the US government turned to to sort out that lot out.
I searched using "Jim Sinclair Hunt brothers" and this was one of the articles that appeared - "Jim Sinclair: The Legend, I Knew Him Way Back When" which has this -
"What I remember most back then was what a big de