Following golds 11th straight year of gains, long-time gold bull Richard
Russell predicted further gains for the yellow metal in 2012. Russell discussed
his latest thoughts on the yellow metal in the most recent edition of Dow Theory
Letters , the worlds longest-running daily investment letter. To my knowledge
this is the longest bull market of any kind in history in which each years close
was above the previous year, he wrote. This fabulous bull market will not end
with a whisper and a fizzle. I continue to believe that the upside gold
crescendo of this bull market lies ahead. We are watching market history.
Russell who turned bullish on gold near the start of its bull market in 2001
went on to say that I note the frustration and anger of the anti-gold crowd. To
miss 12 years of rising prices is enough to make any investor furious with
himself. I would guess that 99 percent of Americans have never participated in
the gold bull market. Thus, sour grapes is the sentiment of the gold-haters.
Happy to say my subscribers who listened to me in the early years of the gold
bull market have enjoyed the riches restored upon them by the greatest bull
market in history.
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