San Gold Corporation (SGRCF)

[bbking2003]

A lot of analysts, especially the CNBC types, claim the gold bull market is over, that we’ve entered a bear market and it’s time to get out.
I disagree with that on many levels. The narrative associated with gold and the narrative associated with the resource story hasn’t changed. How many of your readers – in fact, how many listeners to CNBC or CNN – believe that the Western world’s financial crisis is over? How many believe that any of the G20 nations can balance their budget? How many believe that central bank liquidity is a substitute for solvency, owing more than you can pay back? How many people would deny that physical gold demand has been strong?

The point is that the narrative that drove the gold market in 2006 and 2010 is very much intact. Nothing, in fact, has changed.