Gold Rose for Eight Straight Weeks: What’s Next?

by Mike ‘Mish’ Shedlock
The Street

Gold is on a tear. Historically and fundamentally what’s next?

Jim Bianco at Bianco Research posted a couple of gold charts last week that he gave me permission to reproduce.

Gold Goes Streaking

Gold finished its 8th consecutive week higher. Since Nixon took the U.S. off the gold standard in 1971, there have only been four instances when gold saw longer consecutive positive weekly streaks – June 1979, January 1980, February 1983, and May 2006.

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