Let me de-brief you on Jim Sinclair’s track record.  He predicted gold would soar above $850 in the 1970’s, when it was fixed at $35.  He sold at the 1980 absolute top–to the day, at $875.

When gold was languishing below $300 a decade ago, he predicted gold would reach $1650.   In 2011, gold reached a peak of $1923.  With gold in the low $1300’s recently, he is forecasting price targets of $3,500–and $50,000.

I hope he is wrong.  But over the last four decades, he hasn’t been – Greg Nguyen 

….read Sinclair’s Annihilation of US Dollar Coming HERE

Sinclair predicts, by 2016, “Gold will be $3,200 to $3,500 an ounce.”  

The US Dollar surged higher last week…precious metals and commodities fell…US long term interest rates rose and the major US, European and Canadian stock markets all made new highs early in the week but then fell back…the Russell 2000 Small Cap Index had a Weekly Key Reversal Down.

For my short term trading accounts I bought the US Dollar Index early last week and liquidated my long gold position. I’m looking for the USD to rally into year-end…click these links to see recent bullish USD analysis by Ambrose Evans-Pritchard and Anatole Kaletsky.

Chart Section:

The US Dollar Index since 1971: The USD had a HUGE rally from 1980 to 1985 (Volker had broken the back of inflation, Reagan had declared that it was, “Morning again in America”) and again from 1995 to 2001 (Clinton was balancing the budget, the US economy was strong and the tech boom was driving the US stock market higher…capital was coming to America from all over the world.) Is the USD setting up for another big multi-year rally? Remember, when trading currencies…the least ugly wins!

….view 13 more Key Charts and commentary HERE