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Daily Reckoning/James Ricards/6-2-2020
“Now the third great bull market is underway. It began on December 16, 2015 when gold bottomed at $1,050 per ounce at the end of the 2011-2015 bear market. Since then, gold is up over 65%. That’s a nice gain, but it’s small change compared to 2,200% and 760% gains in the last two bull markets. When it comes to capital and commodity markets, nothing moves in a straight line, especially gold. But this pattern suggests the biggest gains in gold prices are yet to come. And right now, my models are telling me that gold is poised for historic gains as the third great bull market gains steam.”
USAGOLD note: Ricards offers some interesting insider history in this piece along with a strongly-held opinion that gold has entered a new bull market now in its infancy ……