$1M bet that gold will trade at $1650 by Jan 2011
Old news, but incredible nonetheless. Jim Sinclair, a precious metals specialist, made a wager that gold will trade at $1,650 by the second week of January 2011. It’s currently at $925. At the time of wager it was at $890. He made the bet to demonstrate the conviction he has to his bullish viewpoint on gold. Any takers?
Apparently, yes; though I cannot find the details as to whom.