Political Metals

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One Seven Six Four
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Jim Sinclair commented that when gold breaches $1764, it signals the start of Phase 3 of the bull market and the price is expected to go exponential. Gold was around $1660 when the interview was recoded on 5th August 2010 at the GATA conference in London.

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The battle line has been drawn, and for the past 24 hours, gold has been repeatedly testing that level for the first time.

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Looks like we’ll know soon enough if gold will close above this critical number.

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