All of a sudden, everybody has gone bullish on gold, even Wall Street.
Within the last couple of days Jim Cramer, the CNBC Nightly Business Report, and Van Eck Global all sang gold’s praises. Cramer said, “There is a bull market in Gold,” and CNBC Nightly Business Report opened the show Monday proclaiming, “Hard assets – stocks slump, gold shines.”
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CNBC even devoted a blog post to technical analysis on the gold bull market, saying “the rally in gold has the potential to develop into a breakout from the consolidation base and become a new uptrend.”
Wall Street has apparently caught on to what Peter Schiff was saying a month ago – 2016 looks like a big year for gold. This video compilation tells the story.
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