GOLD : The Bull Market continues

Gold has continued to ''shine'' as a store of value and an excellent portfolio hedge in a volatile and uncertain global economy.

Sovereign debt worries and an ever increasing supply of paper currencies continue to provide fuel for the ongoing gold bull market.

At this stage it's worth pointing out, that gold could correct substantially (yes even to $1000) without breaching any crucial long term support (green line in chart).

In the second half of 2010, I expect a correction in the equity markets.
Markets have been far too optimistic of earnings estimates and are thus likely to be disappointed with earnings numbers when they come out.

As David Rosenberg says, the aftermath of a credit bubble collapse is '' no garden variety recession.''

At that point in time, gold may correct along with the markets, thus providing an excellent buying opportunity.

It's so surprising how experts and brokers continue to push stocks, while totally ignoring Gold - the best performing asset class of the last decade.