One Seven Six Four

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.

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

BullionVault Chart: Gold repeatedly testing $1764


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



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