Here’s a recent quote from Fred Hickey of The High-Tech Strategist:
“Including this year [as of 2 September], gold has risen in 14 of the past 17 years at a 9.4% compound annual rate, far surpassing returns from stocks.
That’s why I still contend we’re in a long, secular bull market (driven by the central bank madness) and that the 2013-20155 decline was simply a sharp correction phase, not unlike the 1974-1976 cyclical bear period for gold in the 1970s secular bull market.
That’s why I also believe that we’ve now begun the second phase of the secular bull with the most spectacular gains in price still ahead of us.”
