JIM SINCLAIR: CARTEL SHORTS ARE A MANAGED SPREAD POSITION, BANKS FLIPPING TO NAKED LONG WILL PROPEL GOLD TO $12,400!
SilverDoctors.com
OCTOBER 19, 2012
The legendary Jim Sinclair has sent an email alert to subscribers in response to a reader inquiring why the bullion banks are short gold and silver.
Sinclair responded with his most in-depth explanation to date stating that the majority of what appears to be short positions is in fact a massive hedge spread which has been systematically used to manage the ascent of gold up from $250 and the USDX down from 1.25 over the past 10 years.
Sinclair states that when the bullion banks sense that gold is ready to explode upwards in price in the final bull move of this bull run, they will flip their spread hedge naked long, reaping the largest gains of anyone in the precious metals sector, and propelling gold to $12,400.
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