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Cyprus bailout terms are doubly provocative for gold, Sinclair tells King World News

Section: Daily Dispatches

10:35a HKT Sunday, March 17, 2013

Dear Friend of GATA and Gold:

Mining entrepreneur and gold trader Jim Sinclair tells King World News today that the move by European governments to force bank depositors in Cyprus to pay for a rescue of banks in that country --

-- is provocative in two ways and could spike the price of gold. An excerpt from the interview is posted at the King World News blog here:

Also interviewed by King World News, Sprott Asset Management CEO Eric Sprott notes how Sinclair's prediction of a gold price in the $1,600s seemed wild when it was made more than a decade ago but has come true. Sprott also says that silver for investment holding is likely to run out before gold does:

CHRIS POWELL, Secretary/Treasurer
Gold Anti-Trust Action Committee Inc.


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