Props to Jim Sinclair: We're THERE (above $1650) NOW What?

[Libertarian_Guard]

In the gold markets (paper and real metal) there are incredible swings & spreads! Anything could happen over the next few days & weeks.

Without being too greedy, I'd would just like to see a friday close above $1775 ...... how sweet that would be. However a close above $1800 would be even sweeter!

[DMac]

A Friday close of $1776 (or as JJ reminded me) $1984 would be very sweet indeed.

[Libertarian_Guard]

A Friday close of $1776 (or as JJ reminded me) $1984 would be very sweet indeed.

If gold closed out on Friday @ $1984, it might qualify as the greatest irony of all time!

Shock and horror would ensue!

[JohnQPublic]

If gold closed out on Friday @ $1984, it might qualify as the greatest irony of all time!

Shock and horror would ensue!

I don't know. We got through $666 ok!

[beefsteak]

First close above $1764 it looks like...need 3 outta 5 to make it new support (I think...)

one outta 2 closes...puts pressure on tomorrow's weekending chart painting at the close, yes?

[1970 silver art]

It might close well below $1764 at the end of today. As I type this, it is currently at 1751 according to Kitco.com.

[BrewTech]

What about his prediction of 1764.00, being the point where gold would rise expo-nentialy?

Looks like that may have been a nice fantasy. Gold tanking daily.

[Sparky]

I think Sinclair's gold numbers are a crock of $hit. He basically listed dozens of price points leading up to $1650, which served no purpose. What, we didn't know that gold had to go through $682 to get to $887.50? (BTW, $887.50 was the biggest joke number of all. Resolution to a half a buck?) All those markers along the way had no significance. They showed no more or less resistance or support than any other numbers you could have picked randomly from a hat.

Even when he was predicting $1650 early on, dozens of other advisors, as well as everybody on this forum, expected as much, so what was so special about his prediction? I think he was actually woefully conservative, given his perspective. I've been calling for a gold top at $3200 since 2005, so his prediction actually looks quite lame. Even $1650 has no significance, since he's moved on to $1764. Props my a$$.