As Jim Sinclair keeps saying...

I have been a gold investor for 4 years now and what I have been waiting for appears to finally be taking place.

The general markets are crapping out and Gold bullion has moved up to $1200 (even against the tide of options expiration) AND more importantly the HUI and XAU are holding their ground and not tanking with the general markets.

As long as the general markets keep going up, the masses have no incentive to park their money elsewhere. But now we see the general markets starting their "C" leg down (that McHugh thinks leads to 0 somewhere between 2012 and 2016) people will realize they need to find another place to park their money.

How about Bonds? Forget that! The US Treasury 10 year is on its way down to 2.86%!!!

The only other investment you can make that has been marking gains every year for the past 10 years is Gold!

So it looks like this is it folks. Next stop is $1369.