“No one knows when the bull market in gold will end.” Richard Russell

In my last TAL, I said not owning gold in the current gold bull market is nuts. Then I thought, wait, maybe some folks aren’t buying because they’re listening to financial TV that’s telling them gold is in a “bubble.” “Whoa,” say the Wall Street trolls and mavens. Stay away from gold! We’re here to save you.” Yeah, right.

Are these are the same Wall Street idiot savants who overlooked the tech bubble, failed to notice the credit meltdown, and totally missed the subprime real estate eruption? And now they’ve developed “vision,” and are able to see frothiness in the gold market…the same gold market they ignored for the past ten years? And you’re listening to those guys why?

Yes, we’re in a gold bull market. We’re in Act two of a three Act gold bull market. Act II is when institutions buy. Today, mutual funds, insurance companies, foreign money managers, and hedgies are wading into gold, and the car and pharma company advertisers at CNBC don’t like that. So CNBC knocks gold.