Clif Droke writes:
"... For gold to commence another explosive bull market of the type we witnessed from 2002-2008 or from 2009-2011, gold needs one of two things: the threat of war or another central bank "easy money" policy. The odds definitely favor one or both of these two prerequisites by not later than 2014 as we head closer to the final "hard down" phase of the long-term deflationary Kress cycle. Policy makers will be forced to react aggressively to the onset of runaway deflation in 2013 just as they did during the 2008 financial crisis. This is how gold strongly benefits from deflation, just as it does from runaway inflation. The runaway deflation of 2013-2014, of which we got a preview in 2008, will set the stage not only for America's next war but also of gold's final bull run. ..."