The gold market has just experienced a stunning and historic 70-year breakout.
It is truly jaw-dropping how well the price of gold has held up in the face of the utter collapse in the crude oil market. In fact, after today’s plunge in crude oil (and despite the weakness in the gold market), gold has just experienced a historic 70-year breakout vs crude oil (see the remarkable chart below).
70-Year Breakout In Gold vs Oil Ratio!
People see the price of gold rolling across the ticker near $1,100 and they assume the price is weak as the bear market in gold comes to an end. But what they don’t realize is just how strong gold is trading right now vs other key commodities.
Just wait until gold begins the next leg of its secular bull market to the upside — that advance will be one for the history books. To hear more on the gold market from the man who advises the most prominent sovereign wealth funds, hedge funds, and institutional funds in the world, Michael Belkin, CLICK HERE OR ON THE IMAGE BELOW. Belkin covers the historic rally he expects in gold and the mining shares as well as what he expects to see in global markets for the rest of 2016.
***ALSO JUST RELEASED: The Trigger For The Implosion Of The World Economy CLICK HERE.
***To listen to the powerful KWN audio interview with Egon von Greyerz CLICK HERE OR ON THE IMAGE BELOW.
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