Sinclair also added: "Last year was the year of discussion and confusion. I've labeled this year a year of action. Not necessarily a year of solution, but a year of action. Today you saw an action. The Fed's swap line is an action. The IMF's willingness to seek and to distribute loans, an action. Actions have consequences. So this year is the year in which we are going to be experiencing the consequences. $1,700 to $2,100 gold is a conservative range. The reason why you got the breakout today is the light just went on. So any idea the accordion chop in gold we were in is still on is total nonsense. Bear in mind that when gold breaks out above those ranges, it will do it based on a loss of confidence, primarily, in currencies. And it is the dollar, not the euro, that is the specie in danger as we are having this conversation." http://kingworldnews.com/kingworldn...ream_Entities_Will_Now_Enter_Gold_Market.html
