Jim Sinclair: "There are special circumstances in the dollar now as the Fed has turned the light on domestic QE. I cannot see a significant dollar rally as a result. I also cannot see gold doing worse than chopping into the $1700 range.
"If there is anything correct to his bearish prediction, which I doubt, it would take this action to a chop between $1650-1764, but I think we are now moving into the $1700-2111 range.”
Jim nicely disagrees with Martin Armstrong's bearish call in his post which you should click over and read. Jim proves himself not only a master of gold (in my opinion) but also ever the gentleman.