Gold Bullion "still targeted to reach $4,500," says Jim Sinclair

Alf Field, the favorite technical chartist of chief gold bug and veteran trader Jim Sinclair, who got the recent correction from the $1,923 all-time high right last September, is forecasting that gold is going to head rapidly upward to $4,500 an ounce. ...

For that to happen there would need to be a major financial disaster. Something like a massive stock market crash followed by a huge global money printing exercise to flush debt out of the system. That would impact hugely on the price of gold and silver as monetary metals that cannot be printed by central banks. ...

"The bottom line is that we now have a really strong probability that the correction which started at $1,913 on 23th August 2011 has been completed both in terms of Elliott waves and also in terms of time elapsed. If this is correct, the gold price should soon be expressing itself in violent upside action as it moves into the third of third wave which is still targeted to reach $4,500." 

More information can be found online at http://www.goldbullionadvisors.com