“Gold is giving us another good opportunity to buy a life vest before the boat sinks. No market goes up without a correction. Speculators typically get ahead of themselves. They need to be slapped around a bit… tested… and tempered. Like a steel blade, they need to be hammered before they are ready for the final battle. In the last major bull market in gold the gold price rose from $40 to over $800 an ounce. This was one of the greatest bull markets of all time. But it wasn’t without its challenges. The price of gold moved up fast. It needed to be knocked down at least once before it finally reached its top. Gold fell by 47% before rising eight times to its peak in 1980.”

http://www.billbonnersdiary.com/articles/bonner-gold-news.html

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