Jim Rickards: The Current Rally Can Take Gold To The Long-Awaited $1400 Price

Jim says the next great bull market has begun.  The most important piece of evidence that the next great bull market in gold has begun is the technical behavior of the prior bear market itself.  If gold follows the pattern of the last two December rate hikes, this new rally could go to $1,475 or higher by next summer. That would be a 20% rally in six months, roughly comparable to the rallies after the December 2015 and December 2016 rate hikes.  This combination of fundamental, technical and geopolitical factors is converging in 2018 in a way we have not seen since the late 1970s. The new bull market in gold will be even more powerful than the 1971–1980 bull market and the 1999–2011 bull market.
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