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chances are excellent you'll see 300% - 1,000% appreciation over the next year..." by Bill Bonner, Agora Financial Publishing Rembmber the infamous cover of Business Week in August 1982 that predicted "The Death of Equities" - at the onset of the great bull market? Or how about in 1976 when Financial World reported that "Gold Is Distinctly Out of Fashion." The Wall Street Journal warned that "sentiment is for lower gold prices"... just before the metal soared from $103 in the summer of 1976 to $850 by January 1980? Well, the front page of the Financial Times recently proclaimed the "Death of Gold." Looks like once again, the mainstream media are leading investors astray. They keep insisting "It's different this time." I guess some people never learn. Gold is down. Mining shares are down. Central banks have sold off their gold reserves. And investors are all but gone from the gold stock market. All signs point to a distinct bottom in gold and gold mining stocks. And just as in previous market bottoms, very few investors will take advantage of it. They won't cash in on the next big bonanza. |