It’s no secret that precious metals and their miners have been doing great:
This is actually a bull market I can get behind, though, and as rapid as this growth has been, I think that, long term, it could be just the beginning.
An important driver of this is going to be the US dollar versus the Japanese Yen. The USD/JPY has broken down quite plainly, and the weaker the dollar is, the stronger gold is going to get:
The continuous futures contract for gold looks straight-up, no-questions-asked bullish. This is the cleanest breakout we’ve seen for gold in literally decades, and it wouldn’t surprised me to see gold move up literally thousands of dollars per ounce in the years ahead.
