Jim Sinclair on KingWorldNews :"When asked about the technical damage in the gold market, Sinclair stated, “It isn’t really longer-term.
"The technical damage right here and now is something that from today’s lows could be corrected in a few days, easily repairable.
"You’ve got support between $1,549 and $1,577. You’ve also got it overlaying $1,519 to $1,572. There is every possibility that you’ve seen the absolute worst of this as we’re talking now.
"The most important thing is volatility. One thing this shows you, and it increases continually, is this is the wildest chop we’ve ever been in, in the history of trading gold, in terms of ups and downs. It means to me that gold is going to rise to prices even higher than I expected...."