Today Jeffrey Saut told King World News, “... gold is still in a secular bull market.” Saut, who is Chief Investment Strategist for $360 billion Raymond James, also said, “Right now gold is testing the upper side of the trading range we’ve been in, and if it breaks out, I think it travels back up to the old highs, a little bit above $1900 an ounce.”

Saut had this to say regarding the mining shares: “The mining shares have lagged. The mining shares told you over a year ago that gold was making a peak because they were not following in the footsteps of a higher gold price. Now the gold shares are pretty much back in step with the price of gold. I take that as a very positive sign, not just for gold, but for the gold shares.”

http://kingworldnews.com/kingworldnews/KWN_DailyWeb/Entries/2012/9/28_Gold_Close_To_A_Major_Breakout_Which_Will_Send_It_To_$1,900+.html