I said last week that it appeared that there was a fundamental shift underway and that we were entering a new era in the gold bull market evidenced by the fact that the USD and gold were rising in unison.
Well the last 2 trading days we have had further confirmation of exactly that. Both gold and the USD have risen strongly together and as such gold is exploding in other currencies.
What does this signal for the future?
Very soon the USD will recommence its bear market and that enusres that the gold price will be setting new highs in EVERY currency on the planet.
It also means that the gold price will be entering the final phase of it's bull market when the price starts to rise exponentially and eventually go parabolic.
The parabolic stage is when the gold price reaches levels that apear absurd and unimaginable and the general investor begins to enter. Its the stage when just as you though the gold priuce was overbought it rises another $100 in a single session.
Get ready people, we are only months away from when gold will be quoted in thousands of dollars per ounce!
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