GoldSeek Radio Nugget - Bob Hoye: Gold in Early Stages of Bull Market

Market historian and author, Bob Hoye (chartsandmarkets.com) discusses his wildly bullish outlook for gold, silver and junior mining shares.

- Is this the early innings of a multi-year gold bull market?

Two things in U.S. dollar terms: the bull market continues and recently became overbought. And then also, as you know, I really work on gold's real price...

Now, it also has, as you’d expect, been going up and also became a little overbought. So, when we had that surge —a few weeks ago—both Clark and myself advised our people that, hey, it's overbought, correction period for a while. But the way we phrase it is that we're just in the early stages of a multi-year bull market for the sector.

He continues:

...But if you're an investor and buying the gold stocks based upon a stream of increasing earnings, that really is investing. And that's our stance—that you invest in a stream of rising earnings, making your position an investment.

This is also of particular interest because, in the post-bubble depression, uh, regular business, commerce, and industry really don’t do so well. But over in the gold sector, it does very well, and this is where you have, a couple of decades of the gold side outperforming the regular side of commerce and industry. So, we're just in the early stages of that.

- Bob anticipates continued improvements in EPS for junior mining shares.
- Will top money managers soon recognize the extraordinary opportunities in junior miners?
- Junior exploration companies could soon identify properties with enormous gold reserves.
- When will the herd, stampede into junior miners?
- Is the global economy knee-deep in the biggest financial bubble in history?
- Is the domestic economy on track for a contraction?

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