Jim Sinclair always liked to confuse people. He certainly does so now in a new interview with Ellis Martin. In this interview Jim Sinclair explains that as a CEO of an exploration company he has to be prudent. He also says that not listening to an experienced person like Pierre Lassonde would be narrow minded.

Now Lassonde puts the 2012 price of gold in the $1500-1700 range, assuming that Germany will block the road to European QE. Sinclair puts his prediction (as a CEO and after listening to Lassonde) in the $1700-2100 range. That contrasts with his prediction a week earlier at KWN (as a gold analyst) of gold ending 2012 in the high two thousands, based on large scale QE in Europe.

I guess he didn't receive enough emails yet from desperate and confused gold bugs. He is going to regret this interview. Speaking out in two different roles (that of technical analyst/gold bug and that of CEO) isn't going to help him to provide clear guidance to his followers.

http://www.jsmineset.com/2011/12/26/a-modest-1700-2100-gold-price-in-2012/

DCFM