Sunday, March 23, 2014

The Gold Bull Market is Back

“We are going to get the 50-day (moving average) going through the 200-day (moving average) soon. I bet it’s within 5 days that it will go through just based on the trend it’s on. It has to go through because the trend is up in the 50-day, and on the 200-day it’s just kind of flattening out here.

So we are going to have the ‘Golden Cross’ probably sometime next week, which I think will bring lots of guys in from the sidelines who realize that a new bull market has started because there is no better sign than the Golden Cross. I think the lack of manipulation going forward is (also) going to be a very important item for people to think about in terms of where gold should go throughout this year.”

- Eric Sprott via King World News: