The giant volatility coming in physical - yes. The actual 4990 - possibly and golden times ahead - no. Gold as currency - no. Element of a new global currency - yes I expect to see gold around 10k per oz in the current framework but that framework I expect to be washed away and so Sinclair's call seems reasonable in terms of a new currency paradigm.
There's no doubt about it.... 2013 is a BIIIIIIG year for extreemely interesting economic changes happening to the entire world system..... The U.S is the worlds largest economy and whatever they end up doing WILL EFFECT EVERYONE on the planet in one way or another...... Its 50% default or 50% QE to infinity for the next decade at least.
Focus now on the dollar, it's getting stronger: *euro crisis might intensify after September 22nd Germany elections - I'm quite sure they are quiet only because of the elections *JPY inflating, so the dollar is getting stronger on behalf of it *Fed might trim QE in September... anyway, I'd give it more time, even until the end of the year, but will concentrate on autumn news Gather enough dollars during this period and buy gold only when it goes deeper down, probably below production costs.
