Friday, November 5, 2010

Stealth Gold Bull Market

"Great bull markets are seen maybe once or twice in a lifetime. The current 'stealth' gold bull market has sneaked up on most Americans. The very phrase, 'gold bull market' is sneered at by most analysts today. In fact, most of the comments on gold today come in the form of warnings; 'Gold is too high.' 'Gold is in a bubble.' 'Gold will sink back below 1000.' 'Gold is a fool's play.'  Nonsense. Gold is moving ever-closer to it's climactic speculative third phase. The negative comments about gold will only serve to make the gold bull market that much stronger. In this business, there is nothing more powerful than a primary bull market that has been denigrated, spat at, and held back for years."
Richard Russell

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