This link was placed on another GOLD thread. Seems to make sense. Jim talks about gold trading in ranges, and we will go to the next range in the second half of 2012. The manipulation wont be ending anytime soon Nectar, this game has much longer to play out IMO.
The main thing I believe we can take away now is the markets have most likely already priced in continued European defaults and feel more confident because the ECB (and central banks around the world) is standing by with trigger ready on more QE.
http://www.futuresmag.com/2012/05/01/jim-sinclair-has-something-to-say
What I think is becoming really obvious now is how oversold gold stocks have become, when the move happens we should see significant reratings in the sector.
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