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Junior Gold Mines with "Quality Assets" -- Jim Sinclair
posted on
Mar 14, 2008 02:24PM
Gold is going to $1650. In all probability my major error will be in forecasting a price that is much too low for gold.
The ratio spread long the major gold producers, short the juniors, is going to kill the math whizzes that think they are in the captain’s seat. The reason is the only value still in precious metals shares lies in the best junior issues these geeks have been hammering.
The prayer that a junior with quality assets has is that the illegal short position is enormous.
