$1 Million Wager for Gold Bears

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Few pundits have as strong a conviction as Jim Sinclair who is putting his money where his mouth is Ė $1 million smackaroos, to be exact, that the gold price will trade at $1,650 before the second week of January 2011. Any takers? (Letís hope this is not Jimís version of an April Foolís hoax!)

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 goldís 7-year bull market, to a simple, healthy correction in an ongoing uptrend.

However, few pundits have as strong a conviction as Jim Sinclair who is putting his money where his mouth is Ė $1 million smackaroos, to be exact, that the gold price will trade at $1,650 before the second week of January 2011. Any takers? (Letís hope this is not Jimís version of an April Foolís hoax!)

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