This extract from Sinclair's latest says it all:
"I believe this rally in the POG is the Big One so far in this entire bull market. There is a good reason. The final fundamental building block of a long-term bull market in gold just joined us in terms of a recognized top in the long term bond market. That being so, it is reasonable to say the gold bull market started in July of 2003.
This bull market is just a puppy and will not mature until 2007-2008. We have a long way to go gang and most likely a lot of price appreciation yet"
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