By Jim Sinclair
Today I have received many emails concerning Mr. Soros’ dislike of gold. You may have noticed that Mr. Buffett and Mr. Soros seem to be in a PR contest for the position of spokesperson for the future of the USA.

Many Americans erroneously see Gold as anti-American and those that do not see a major future for the US dollar as traitors.

You will recall Mr. Buffett’s recent entry into the railroad business was deemed by him and others as being a vote of absolute confidence in America’s continued economic recovery and its sustainability. It is sort of a quasi-competition for economic President of the USA.

I file his bearishness as what he sees as a patriotic position

Nobody can jawbone the Gold market for more than a very short term period. Gold is going to and through $1224.10 on its way to $1274-$1278.

Following this gold will move onward to $1650 prior to reaching Alf’s and Martin’s published price objectives. This will happen regardless of the many top callers and self deemed patriots screaming out of the woods today.

Courtesy: www.jsmineset.com

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