From: Chart of the Day
Today's chart provides some long-term perspective in regards to the gold market. As today's chart illustrates, gold has been in an extremely strong bull market since 2001. The pace of that upward trend increased beginning in mid-2005. Following the financial crisis of late 2008, gold once again increased the pace of its ascent. Currently, gold is making new rally highs and has more than quintupled in price during its ten-year bull market. As today's chart illustrates, however, gold is approaching long-standing resistance (red line) of its accelerated trend channel.
Quote of the Day
"Regardless of the dollar price involved, one ounce of gold would purchase a good-quality man's suit at the conclusion of the Revolutionary War, the Civil War, the presidency of Franklin Roosevelt, and today." - Peter A. Burshre
I am emphasizing this chart today to show the long term store of value that is gold. Given the present circumstances in the economy of many western nations and their respective stock markets, I anticipate that investors will find that stocks do not perform particularly well in the next few years. An exception is gold stocks, and gold juniors specifically, keeping in mind that not a juniors are created equally.