Ya gotta luv this guy...
From the link.
It is against such a backdrop that the euro price of gold should surpass the trading range of the past two years. A breakout in euros will serve notice to the market that gold is not a subset of the weak dollar play. Once it has crossed this threshold, gold will begin to attract capital from assets parked in all currencies and asset classes including commodities and high yield credits, the two most recent investment bubbles. The bull market in gold, which commenced in August of 1999, will shed its stealth mode. Its pace will quicken and become difficult to ignore. We stand at the end of the beginning of the first leg in a multi year bull market in the metal. The significant accumulation that has occurred during the past five years will not yield easily to the sharply higher prices that lie ahead, because those price gains will be spurred by financial market developments that make gold's appeal quite obvious, even to its detractors.
