I’ve been a gold bug since the beginning of 2001, and you will probably notice on this chart that my timing was pretty good – especially since the market in gold shares turned before the price of bullion did. In my opinion, this chart is directly tied to the recent dramatic price increases in oil prices.


I consider this chart to be the best picture available for gold prices over the last quarter century. This is a point-and-figure chart, and consist of columns of Xs and Os that represent filtered price movements over time.