“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
Related posts:
London Tube strike: Sack the drivers, and roll out the robots
Glenn Greenwald: Iran sanctions now causing food insecurity, mass suffering
Is it time to get rid of the DEA?
Bill Bonner: 'War' takes place in the shadows
Oregon Standoff: Federal Land Grab vs. the Sagebrush Rebellion
Case Against Kim Dotcom Copyright Infringement Continues to Weaken
Cyprus: Cause They Can
Welcome to the United Soviet States of America
Jacob Hornberger: Who's Really Getting Punished?
Kafka’s America: Secret Courts, Secret Laws, and Total Surveillance
US Evacuation in Libya Shows Ill Effects of US Interventionism
Super-Mario's new dawn
Pepe Escobar: Manning guilty; war criminals on the loose
The Myth of Trump’s ‘Global Retreat’
If NATO Is Obsolete, Stop Feeding It