"...“I think history is our guide, Eric. There have been
seven or eight retrenchments in the current gold market, which of course began
in the year 2000. So if you think about the bull market that we’re in, a move
in gold from $250 to over $1,500, (as I said) there have been seven or eight
retrenchments, and in every case gold has come back and retraced the
retrenchment in fairly short order and gone on to make higher highs.
I am convinced that this will be the same
thing...."
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