Extraordinary bullish outlook for gold

By Eric Hommelberg
Dec 23 2008 1:19PM

It sure has been a brutal year for gold and its shares and many may wonder if the $1030 top clocked in March 2008 marked the top for the gold bull market that started in April 2001. Despite the fact that many analysts want you to believe that gold has failed to act as a true safe haven this year and that gold will find itself in another bear market for years to come gold's critical drivers have never been stronger than as they are today. Let's face it, physical demand for gold broke record highs in Q2 this year followed by an explosion towards new record highs in Q3 with dollar demand for gold exploding by 45% compared to Q2.