Gold bull enters different phase.

The gold bull market entered a new phase. Large swings will be coming and downswings will be fast. We have seen this already. Gold price was down over $200 in three days (to $1700 in fact) before gold recovered and went up $130 in three days. Both, the up and the down phases have been faster. All eyes will be on the gold market Sunday night and Monday morning. Silver has not yet moved much.

The gold miner index corrected only about 5% while gold corrected over 10%. The expectation is that gold miners will outperform gold 3 to 1.

KWN expects gold to test $2000/oz during September and hit $2,100 by the end of the year. With the newer, faster moves of the gold market, these levels seem entirely possible and even within a shorter time span.