Has the gold market spoken?
“Gold has broken out from a massive base formed over a six-year consolidation. The breakout has left most investors on the sidelines. The powerful rally from below $1,300 to over $1,400 and a 6 year high caught most either wrong-footed (short) or flat footed (no exposure at all.) That is why we believe substantial further upside lies ahead. Gold’s allure (and the explanations for it) should grow as the price advances in the months and years ahead.”
USAGOLD note: Hathaway goes on to say that the bubble in complacency and “excessively brittle” consensus views are about to give way to market recognition of new realities.