With central banks continuing to print and resistance being broken, the future is bright for gold. You won’t hear it on CNBC, but gold is up 15% in the last two months and up 11% since Christmas. Print baby print!!!!
Today’s chart provides some long-term perspective on this millennium’s gold market. As today’s chart illustrates, the pace of the bull market in gold that began back in 2001 increased over time. In late 2012, however, the parabolic trend in gold prices came to an end and a new downtrend began in earnest. However, due in part to increased global uncertainties, gold has trended higher in 2015. In fact, the current rally in gold has resulted in gold breaking above resistance of its three-year downtrend channel.
