Gold is due a correction – but then it will hit $1,400

Gold closed last week above $1,000 an ounce, its highest ever weekly close. Yet who was reporting this fact in the Sunday papers?

I was reading The Telegraph, whose financial coverage is generally ahead of the curve compared to the other broadsheets. I was delighted to see that, far from being on the front pages, gold's milestone got barely a passing mention.

The fact is, the mainstream still don't get gold. The longer this continues (and long may it) the longer this bull market has to run. (more)