Gold could go mainstream - and hit four figures

The market has started to look at gold as money - rather than a mere commodity - again. So prepare to see the yellow metal hit $1000 this year, or even - as one expert has suggested - $2000.

In December, the gold price raced off to record highs for the first time in almost three decades. Now it looks to be closing in on $1,000. That is four digits. It will also be four times the 1999 low.

The market has added dollars to the gold price for seven consecutive years now, making it the longest-lasting such stretch in history without more than a 25% correction. Even in terms of magnitude, it is the best move since 1979-80. This suggests two things right off the bat. First, it is a bull market; second, the market needs to blow off more upside if it is to give the bears anything more than 25%.

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