|Jim Sinclair Model: Federal External Debt Equilibrium Gold Price
||24 Oct 09
Tom Fischer added the Jim Sinclair model to our gold price models page. gold.approximity.com/gold_price_models.html
In 1977 James Sinclair boldly predicted that gold would rise from $150 per troy ounce to $900.
Gold never reached that mark, but it came close on Jan. 21, 1980, peaking at $887.50.
The next day, says Sinclair, he unloaded his entire gold position, personally netting
$15 million. Pointing to the Federal Reserve's efforts to fight inflation, Sinclair
then predicted at an annual gold conference that the metal would languish for the
next 15 years.