The Gold Bull is Dead; that depends from angle you are looking
at it
But what we call our despair is often only the painful eagerness of unfed hope.- George Eliot
Gold and precious metals in general had a spectacular
run from 2003-2011, and it was around that time we published our first article
on Gold-eagle. At that period, we were pounding the table on Gold, Silver and
the entire precious metal’s sector. Is this the end? Is this monstrous bull
dead? We have stated repeatedly, that every major bull market has to
experience one back-breaking correction… Usually the correction ends with a 50%
pullback from the highs, which would translate to a low of roughly $960.00.
Apparently, Jim Rogers holds a similar view.
Gold is in a correction, and the
correction has gone on for four years,” Rogers said. “Although I am not buying
gold, I am expecting an opportunity to buy gold sometime in the next year
or two. For instance, if gold goes under $1,000, I hope I’m smart enough to buy
a lot more gold.