Gold shot up, reaching a nearly one year high today, and rapidly approaching its record high area.

The ongoing current A rise that started last November is the strongest in this bull market and the strongest since 1999. Since this is an abnormally strong ‘A’ rise in an abnormal world recession, if gold reaches a new record high above $1004, gold will most likely be embarking on the start of a great bull market rise.

Gold could then jump to the $1200 level as its next target. Keep an eye on $910 as gold’s ‘A’ rise is very strong above it (see Chart 1).

Gold: An Eight Year Phenomenon

Further backing this up is gold’s ongoing bull market, which turns eight years old this month. The eight year mark has been a consistent low time for gold going back to the late 1960s when gold began trading in the …

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Mary Anne and Pamela Aden are two of the most influential and well known investment analysts, writers and lecturers in the world. They are the co-editors and publishers of The Aden Forecast, a monthly investment newsletter, which specializes in the U.S. stock market, mutual funds, U.S. interest rates and bonds, the international stock and bond markets, as well as the foreign exchange and precious metals markets.