• 777 days Will The ECB Continue To Hike Rates?
  • 777 days Forbes: Aramco Remains Largest Company In The Middle East
  • 779 days Caltech Scientists Succesfully Beam Back Solar Power From Space
  • 1,179 days Could Crypto Overtake Traditional Investment?
  • 1,184 days Americans Still Quitting Jobs At Record Pace
  • 1,186 days FinTech Startups Tapping VC Money for ‘Immigrant Banking’
  • 1,189 days Is The Dollar Too Strong?
  • 1,189 days Big Tech Disappoints Investors on Earnings Calls
  • 1,190 days Fear And Celebration On Twitter as Musk Takes The Reins
  • 1,192 days China Is Quietly Trying To Distance Itself From Russia
  • 1,192 days Tech and Internet Giants’ Earnings In Focus After Netflix’s Stinker
  • 1,196 days Crypto Investors Won Big In 2021
  • 1,196 days The ‘Metaverse’ Economy Could be Worth $13 Trillion By 2030
  • 1,197 days Food Prices Are Skyrocketing As Putin’s War Persists
  • 1,199 days Pentagon Resignations Illustrate Our ‘Commercial’ Defense Dilemma
  • 1,200 days US Banks Shrug off Nearly $15 Billion In Russian Write-Offs
  • 1,203 days Cannabis Stocks in Holding Pattern Despite Positive Momentum
  • 1,204 days Is Musk A Bastion Of Free Speech Or Will His Absolutist Stance Backfire?
  • 1,204 days Two ETFs That Could Hedge Against Extreme Market Volatility
  • 1,206 days Are NFTs About To Take Over Gaming?
Zombie Foreclosures On The Rise In The U.S.

Zombie Foreclosures On The Rise In The U.S.

During the quarter there were…

Is The Bull Market On Its Last Legs?

Is The Bull Market On Its Last Legs?

This aging bull market may…

What's Behind The Global EV Sales Slowdown?

What's Behind The Global EV Sales Slowdown?

An economic slowdown in many…

Prieur du Plessis

Prieur du Plessis

With 25 years' experience in investment research and portfolio management, Dr Prieur du Plessis is one of the most experienced and well-known investment professionals in…

Contact Author

  1. Home
  2. Markets
  3. Other

A $1 Million Wager for Gold Bears

Gold bullion is under water at the moment with the price having dived sharply over the past two weeks. This move has triggered a myriad opinions ranging from the end of gold's 7-year bull market to a mere healthy correction in an ongoing uptrend. But few pundits have as strong a conviction as Jim Sinclair who is putting his money where his mouth is - $1 million smackaroos, to be exact, that the gold price will trade at US$1,650 before the second week of January 2011. Any takers? (Let's hope this is not Jim's version of an April Fool's hoax!)

Source: Jim Sinclair's MineSet, April 1, 2008.

 

Back to homepage

Leave a comment

Leave a comment