Thursday, July 28, 2016

Gold on this bull market leg can far exceed previous highs

I think this is a new leg of the gold bull market. I mean, gold’s been in a secular bull market since 2000. 

We had a cyclical bear market that I believe ended when the Fed hiked rates in December. And now we have the new leg of this bull market, which I think potentially could be an even bigger leg than the first leg, which saw gold go from sub-300 to close to 2,000. So, if this leg is bigger than that you can just imagine how high the price might go.