HIS THREE LONG TERM FACTORS ARE NOT GOING TO HAPPEN EVER AGAIN

http://seekingalpha.com/article/288947-what-would-put-an-end-to-the-gold-bull-market

But also, re his factor 2, how could the US get more 'hawkish' monetarily, 
without going to some non fiat currency like a gold reserve to do it? 


This in turn would turn out to be bullish, rather than bearish, for gold.


So his factor 2 itself would perhaps be bullish rather than bearish.