Posted: Dec 01 2010 By: Eric King Post Edited: December 1, 2010 at 2:41 pm

Filed under: King World News

Dear CIGAs,

With the gold and silver markets heating up once again, King World News interviewed legendary trader Jim Sinclair. When asked about repeated top calls being made in the gold market Sinclair responded, “This is not what a top is made of. I’ve been around long enough, I’ve seen many, many markets, so many I don’t even want to count anymore, and this is not what tops are made out of. Tops are made out of outrageous exuberance.”

Sinclair continues:

“What most people look at, no what almost everyone looks at is a picture in time, something like looking at a still. Up comes the chart, it’s a picture in time. Very few people will focus on motion, direction over time. And you can’t predict the future unless you can see things in motion. So, to the static thinker the picture in time has to have an excuse of why the market did this or why the market did that or what technical thing happened to make it happen. While in truth, you and I know we are watching something unfold.”

Click here to listen to the full interview…