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Home > Cyprus bailout terms are doubly provocative for gold, Sinclair tells King World News

Cyprus bailout terms are doubly provocative for gold, Sinclair tells King World News

Submitted by cpowell on Sat, 2013-03-16 22:33 Section: Daily Dispatches

10:35a HKT Sunday, March 17, 2013

Dear Friend of GATA and Gold:

Mining entrepreneur and gold trader Jim Sinclair tells King World News today that the move by European governments to force bank depositors in Cyprus to pay for a rescue of banks in that country --

http://www.reuters.com/article/2013/03/16/us-eurozone-cyprus-idUSBRE92E0... [1]

-- is provocative in two ways and could spike the price of gold. An excerpt from the interview is posted at the King World News blog here:

http://kingworldnews.com/kingworldnews/KWN_DailyWeb/Entries/2013/3/16_Si... [2]

Also interviewed by King World News, Sprott Asset Management CEO Eric Sprott notes how Sinclair's prediction of a gold price in the $1,600s seemed wild when it was made more than a decade ago but has come true. Sprott also says that silver for investment holding is likely to run out before gold does:

http://kingworldnews.com/kingworldnews/KWN_DailyWeb/Entries/2013/3/16_Er... [3]

CHRIS POWELL, Secretary/Treasurer
Gold Anti-Trust Action Committee Inc.



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Source URL: http://gata.org/node/12344

Links
[1] http://www.reuters.com/article/2013/03/16/us-eurozone-cyprus-idUSBRE92E02220130316
[2] http://kingworldnews.com/kingworldnews/KWN_DailyWeb/Entries/2013/3/16_Sinclair_-_One_Of_The_Most_Important_Events_In_History_%26_Gold.html
[3] http://kingworldnews.com/kingworldnews/KWN_DailyWeb/Entries/2013/3/16_Eric_Sprott_-_Jim_Sinclair%2C_%2411%2C000_Gold_%26_Skyrocketing_Silver.html
[4] mailto:Fred@allprogold.com
[5] mailto:Tim@allprogold.com
[6] http://www.allprogold.com
[7] http://www.goldrush21.com/order.html
[8] http://gata.org/tshirts
[9] http://gata.org/node/wallstreetjournal
[10] http://www.gata.org
[11] http://www.gata.org/node/16