‘This is probably a historic day for the gold price,’ he said. ‘With the $1,275 barrier broken we are back on the way up.’
Veteran gold guru and chairman of the Tanzanian Royalty Exploration Corporation, Jim Sinclair told an audience of 591 in Vancouver today that the gold price correction was over.
The gold price jumped after Fed chairman Ben Bernanke said ‘highly accommodative’ monetary policy will be needed for the ‘foreseeable future’ following a speech in Cambridge, Massachusetts after US markets had closed.
Ed Note: Another interesting article – Inside the white hot Chinese gold market