Gold Price Stance – Evidence of link between rising gold price and unravelling world economy
By: Brian Bloom
Oct 05, 2012
Over the past few months I have been writing cautionary articles regarding the gold price. I have received so much “hate/derisory mail” in response to my last two articles – typically from people who have read them at a superficial level – that I concluded it will be constructive to clarify my assessment of the gold market in words that do not require anyone to read between the lines.
In simple English, I am not a bear on the gold price. The gold price is clearly and unarguably in a Primary Bull Trend. This can be seen from the chart below (courtesy DecisionPoint.com) which has been plotted on semi log scale to show percentage price movements. There is no sign whatsoever that the Primary Bull Market in gold is/may be under threat.