- Ask the Expert – Jim Sinclair $50,000 Gold!
by Eric Sprott, http://sprottmoneyblog.com/
On Monday, I had the pleasure of interviewing the legendary Mr. Gold, Jim Sinclair. As many of you already know, Jim Sinclair is the CEO of Tanzanian Royalty Exploration and has over 50 years of experience in the gold industry. He lives and breathes this market. Jim is known for accurately predicting the top of the gold bull market in 1980. Also, he has been a beacon of hope in the gold community and provides his daily thoughts for free on his website, JSMineSet.
During the course of this interview, I was able to ask Jim a number of our viewers’ questions. These questions covered the most pressing concerns that are currently affecting the gold community, such as bail-ins, manipulation of markets, a potential COMEX default and much more.
Jim was very clear that he sees a price rise in gold coming by early July. This rise in prices could take us to new highs. How high? Jim sees $50,000 gold as a likely target should the paper manipulators lose control. This number sounds staggering to many, but you must remember that this market has been a beach balloon that has been pushed to depths never seen by man.
So what do you think? Do you see gold recovering and moving higher this summer, or do you believe that the gold bull market is dead and over? I’m personally in the bullish camp and believe the manipulators are losing control over this market. Enjoy the interview.