Allthough he reduced his $100 day dowm to $75.

Jim Sinclair’s Commentary

A “Great Day” in gold at $1,400 plus, third tap success, and a really "Bad Day" for the long bond!

Does this look like the final Pillar of Gold at and above $1,650 has fallen in? I think it has so get ready for a $75 up day in gold and 200 points down on the long bond.

When I think of the gold and gold share shorts, I also remember the expression: "Those that the gods wish to destroy they make mad first."

The short of juniors and long of majors OTC derivative will be fried.

Later