To make it clear, nothing has changed. A bull market is something that rises in terms of all currencies. The paper dollar and gold are ending up on the same side of the fence with this war on cash that is brewing. J.P. Morgan is looking to charge money to people who have cash on deposit beyond what they deem to be necessary as of May 1st.
Oddly enough, hoarding paper money is a hedge against the banks. This is why many are now advocating abolishing paper currency and moving towards electronic. The key to a future bull market in gold is not “fiat” nor is it “inflation”. Those theories are really meaningless.
The key to a reversal of fortune occurs when the M A J O R I T Y lose confidence in government. With recent polls stating that 75% of Americans distrust politicians, we are getting there.
The end game is that gold is likely to break the $1,000 level on the benchmarks. This is more likely to be the final phase transition of capital rushing into the bond markets and out of the commodity/stocks. When capital moves to the extreme, then we can see the reversal.
