Gold spiked 5% yesterday – its largest one-day gain since 2008. If history is guide, a new bull market in gold is around the corner…
On November 21, 2008, gold surged 7%. And as you can see in the chart below, that surge on November 21 marked the bottom of gold’s sell-off…
Over the next three years, gold went on to climb 157%.
Gold’s spike on November 21 was no coincidence. As you can see above, a Federal Reserve bailout was just four days away.
That bailout came on November 25, in the form of $600 billion in quantitative easing (QE). This QE quickly expanded to over $3.5 trillion in stimulus.
Today we see a similar setup in gold as we did in 2008.
This week alone the Fed is expected to print $625 billion. And that’s just a small part of a stimulus package that could come in at as much as $6 trillion – almost double what the government provided in 2008.
If history repeats itself, the printing has just begun… and we’re on the cusp of another historic gold rally.