14 April 2014
The gold market has probably never had as many moving parts as it does today. There are many factors arguing for a much higher gold price in the current year and we believe that gold has commenced a new bull market since the New Year. We will note some of these bullish factors below. But the over-riding issue remains one of investor confidence in financial markets and the financial system. For this reason, gold and financial markets generally move in opposite directions over the long term, with one turning bearish as the other turns bullish.