Today Jim Sinclair spoke with King World News about the ongoing chaos and told KWN the world is witnessing something that has never been seen in history. Below is what Sinclair, who was once called on by former Fed Chairman Paul Volcker to assist during a Wall Street crisis, had to say in this interview.
“The proof of our conviction that we have in fact already established a bottom in this gold reaction lies in the next few trading days. I would say the next week of trading will give us the answer. Wednesday’s plunge in gold was entirely manufactured.
We can clearly see the backpedaling on the Cyprus deal, and we also know that Cyprus can’t sell their gold. Those reports about Cyprus dumping gold were fiction….