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Gold's rise will turn futures market into cash market, Sinclair says
4:40p ET Wednesday, March 6, 2013
Dear Friend of GATA and Gold:
The gold futures market won't collapse, gold trader and mining entrepreneur Jim Sinclair tells King World News today, but rather will impose ever-larger margin requirements as gold rises and forces the paper market to become a cash market. The price suppressors, Sinclair adds, are messing with Russia and China and will be overpowered by demand for real metal. And recent gold price fluctuations, he says, indicate that the near-term bottom is in.
This strikes your secretary/treasurer as Sinclair's most incisive interview yet and probably as incisive as any interview given in the gold market in the last decade. How nice -- like essential -- to have this guy on our side. An excerpt from the interview is posted at the King World News blog here:
http://kingworldnews.com/kingworldnews/KWN_DailyWeb/Entries/2013/3/6_Jim...
CHRIS POWELL, Secretary/Treasurer
Gold Anti-Trust Action Committee Inc.
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