After trading downwards for more than 4 years, gold prices have broken out to the upside with a gain of 20% off the December lows. Gold bulls can be unpredictable and shifty. So far, gold has rallied around 22% from a low over a period of a few weeks. The financial establishment's bearish consensus as reported in the Wall Street Journal has so far proven to be dead wrong. Demand for the yellow metal is rising in 2016. If the prices rise to new record highs, it will be because of a tightness in supply and strong physical demand.