Gold Bullion: Experiencing Normal Bull Market Reprise

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In my assessment, bullion is experiencing a normal bull market reprise and is set to resume its upward path in due course, albeit in fits and starts.

The gold price has experienced a rather precipitous decline of 6,7% since its recent peak of $691,7 on 20 April 2007. This correction is considerably larger than the drop in the prices of commodities in general, as well as the increase in the value of the dollar from about the same time. This begs the question whether we are experiencing a normal bull market correction or perhaps, the start of a more ominous longer term-trend reversal.

...In my assessment, bullion is experiencing a normal bull market reprise and is set to resume its upward path in due course, albeit in fits and starts. The exact nature of the tailwind pushing gold northwards (be it economic or socio-political), will probably only become apparent after the fact - as has so often been the case in the past.

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