Jim Sinclair: Gold Will Now Be Released To The Upside!
- Jim Sinclair – Gold Will Now Be Released To The Upside!
With wild trading in key global markets, including gold, today Jim Sinclair, who has been actively trading the markets for over half a century, spoke with King World News to let KWN readers globally know what to expect in the gold market going forward. Below is what Sinclair, whose father was business partners with legendary trader Jesse Livermore, had to say:
Eric King: “Jim, there are a great many pieces discussing the COT report, can you talk about that?”
Sinclair: “I’m just going to ask you a question and give you a definitive answer: The question is, do you really believe the people (banks) who manipulated LIBOR are absolutely, totally, and completely honest on the figures that they render to the CFTC on the position of traders (COT)? The answer is, of course not….