Today's gold market looks a lot like the crazy 1970s
By GCRU Gold News on Tuesday, July 19 2016, 03:19 - Permalink
Rarely does it make any sense to talk about an asset appreciating by 500 percent. In this case – for gold, today – it isn’t as extraordinary as you might think.
In the current bull market, gold reached an all-time high in August of 2011 of US$1,888, but fell to a low of US$1,056 in November 2015. Is it possible that the November 2015 low marked the end of the correction phase of another long-term gold bull market? Will US$6,800 gold become a reality over the next few years?