After all, it's up 235% over the past 9 years, he says

Financial commentator Dan Dorfman says that gold - in the mainstream media's eyes - is like comedian Rodney Dangerfield: It gets no respect.

According to Dorfman: "Super sports feats -- like running the four-minute mile, winning the triple crown or slamming four home runs in a single baseball game -- are certain to achieve glowing media coverage.

"Not so, a similar Hercules-like investment feat by gold, which has been on a rampage, shooting up about 235% in the past nine years, 100% in the past five years and 40% in the past three years. It's also up again this year, trading at around $1,164, versus its 2009 close of $1,087.50."

But disrespect from the mainstream media is "contrary indicator and probably very bullish for the metal," says Mark Leibovit, editor of the online VR Gold Letter in Sedona, Ariz., whom Dorfman quotes.

"Leibovit sees the possibility that gold could be vulnerable over the near term to a drop to about $1,100 an ounce during the usual summer lull at which point, he says, 'I would pile in.'"

Leibovit, "who is convinced gold is in the midst of a 20-year up cycle ... believes the metal could soon climb to between $1,220 and $1,230, which he would construe as a prelude to a further run to the $1,320-$1,330 range over the next few weeks. ...

"The wind is at gold's back, and I think a price of $3,000, $4,000 or $5,000 is just a few years away. That's not a pipe dream, but common sense reality," Leibovit tells Dorfman.

Dorfman concludes: "Media blasts notwithstanding, the bottom line here is that gold, widely thought of as a safe-haven investment, at least at this juncture, clearly merits respect."

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