Milestone in the gold bull market

Today was the first ever weekly close over $1000/oz. on the Comex.  The gold bull market to date has been very quiet and powerful over the past 8 years.  Nominally, gold is up 400% from bottom to now ($250 to $1000).  It's averaged 16% per year annually.   And it has done all of this without the benefit of inflation.

This chart from sharelynx.com pretty much says it all (commentary is mine):

(click to enlarge)

The big institutional money is just now discovering the precious metals sector.  Anyone who does not climb aboard this train now may be waiting for a pullback to enter that doesn't occur until gold and the mining stocks are at a much higher level.