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My Happy New Year Present To All

The Fiscal Cliff farce will be "fixed" one way or another. All you have to do is look at where the carrots are hanging in front of the Asses and Elephants. In fact, Obama just gave the children in Congress a nice pay raise, but they won't get any pay if the "Cliff" kicks in and the debt ceiling limit isn't raised/eliminated.

In the meantime, most serious students of value/fundamental investing like to focus on long term trends. The long term trend for gold has been 12 years in a row of gains. And we all know the fundamentals become stronger by the day to support several more years of gains.

With that in mind, I recently went to the Van Gogh exhibition at the Denver Art Museum. It is probably one of the best art exhibitions I've ever seen (after spending time in museums in NYC, Chicago, Paris, Italy, etc). The exhibit uniquely spans Van Gogh's entire artistic career and I learned aspects of his artwork and its development about which I had no prior knowledge (like a heavy influence of Japanese art underlying his color scheme and strokes). The exhibition truly blew me away in depth, scope AND the fact that it was assembled in Denver (not exactly an art mecca).

In honor of one of the greatest master artists of all time, I have to say that I don't think even Van Gogh could reproduce this 12-year, weekly visual of a raging bull market in process:

12-yr Weekly Gold - Comex Continuous Contract

Not much to say about that chart - it's pretty much self-explanatory. Have a safe and happy New Year celebration. I suspect that the 2013 will be a very happy year for precious metals and mining stock investors.