Wednesday, April 25, 2012

The "V" That Jim Sinclair is Talking About

Jim Sinclair said recently in a King World News interview: "...we’ve seen some V-bottoms during daily operations, where they (manipulators) have forced gold (down) and it just snapped right back.  There is no question, it is a matter of record, that multiple central banks around the world have been large buyers of a significant amount of gold in the last two months."

"... every time the manipulators come in to reduce the price they are running into significant physical buying.... "

Why would gold drop to $1640 to $1625 in a day where the Fed re-iterates that interest rates would be kept low to 2014? That is bullish for gold. The answer is obviously, manipulation.

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