After stalling near $50 for about (4) months, LIFE broke higher in
January. Since then, the stock has been hitting resistance at $65
(blue). A break through that resistance would be a new 52-week high for
the stock and should mean higher prices moving forward.
Today Jim Sinclair told King World News the world is about to witness a stunning shift in the US government and Fed gold policy. This remarkable change in strategy will shock investors and professionals around the globe as the Fed’s policy of gold manipulation will undergo a radical transformation. Below is what Sinclair, who was once called on by former Fed Chairman Paul Volcker to assist during a Wall Street crisis, had to say.
Eric King: “Jim, we will get to the West in just a minute, but what about China? I have word from London that the Chinese are in there buying massive amounts of gold right now. What is their perspective as you see it?”
Sinclair: “The Chinese are known and respected for having a plan for everything. In order to have a plan you have to have an analysis. You can’t pick a plan out of nowhere. In order to have analysis you’ve got to have facts.
So the Chinese have fully analyzed what the West is doing, which is in fact destroying itself, and they are taking appropriate offensive and defensive measures….
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