Jim Sinclair Suggests 2015 May Be Time to Take Profits in Gold & Silver

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Responding to a reader inquiry, the legendary Jim Sinclair has suggested that the grouping of cycles indicates that the time to consider taking profits in gold and silver may be 2015. Will we see the final, 3rd stage public mania in gold and silver play out over the next 3 years?

Dear Luke,
You have presented the most difficult of questions. Last evening, I answered that via a graph of emotions that finds tops, but not necessarily with the definition of the long term top appended.
I do not think a ratio to the Dow is the answer.
The model answer is when gold sells (per ounce) at the value that equals the total dollar value of US foreign debt divided by the assumed number of ounces of gold the US government has, gold is full priced.
The reason for that is because at that price the international balance sheet of the USA and therefore the dollar is in balance. However, that number, which was $900 in 1980, is now slightly above $12,400.
If grouping of cycles is of any use time wise, that suggests 2015.
Regards,
Jim