record high

Whats going on here. According to my memory the all time high in January 1980 in AU dollars was $770. Its been over that for most of last week and is now about $799 and there is no mention of this in the press as far as i know. Some people say that gold is now in the second phase of its bull market, but from the reaction in the press about it breaking record highs it tells me that it is still in the first phase........it has still got a long way to go yet, way beyond what anybody thinks.
Regards ....to all us gold bulls