Gold And Silver: Bull Markets Are Just Beginning

``Markets that consolidate for 29 years (1980 - 2009) below an important peak level ($850) do not finish their subsequent advances in only two years. What was seen from 2009-2011 was simply the initial surge higher from the multi-decade 1980 - 2009 consolidation. The retreat since 2011 is thus a correction within what will be a more significant move higher both in time and in price above the former 1980 peak. The break of the primary downtrend (shown by the turquoise lines above) is a major signal that the bear market had come to an end in December... We are thus setting up for a resumption of the bull market, which should achieve a price multiple well above the $1,917 peak from 2011.''