Gold close to repeating late 1979 takeoff says Jim Sinclair

From Arabianmoney.net:

Gold trading legend Jim Sinclair thinks the gold market is right in front of a major move and current weakness is like that seen in late 1979 before the gold price shot higher.

What makes Mr Sinclair so exceptional is his long-term forecasting record. He predicted gold would hit $1,650 in February 2011 some eight years ago when gold was $300 an ounce. Nobody else has come close for forecasting accuracy.......read on