When we say gold's next move is to a new all-time high of $2,097 per oz, we are talking about the price gold is likely to hit by March 22nd. Over the medium-term, the Gold/NASDAQ Ratio is clearly on its way back to the 22-year average of 0.2862. Based on the NASDAQ's current level of 12,843 this would value gold at $3,675 per oz. Even if the NASDAQ declines by 50% from its all-time high of 16,212 it would still value gold at $2,320 per oz.
By the time gold's new bull cycle ends, the Gold/NASDAQ Ratio is likely to return to its August 2011 high of 0.8066. Assuming the NASDAQ declines by 50% from its all-time high of 16,212, a Gold/NASDAQ Ratio of 0.8066 will value gold at $6,538.30 per oz.
North Peak Resources (TSXV: NPR) or BTLLF on the U.S. OTC has purposely been silent for a month, but it has been actively drilling for over three weeks and will already have the funding in place for a rapid expansion of its drilling program after the upcoming release of initial drilling results. This will allow for a constant stream of non-stop high-grade gold discoveries over a period of many months while gold is simultaneously making its largest bull run in history.
Past performance is not an indicator of future returns. NIA is not an investment advisor and does not provide investment advice. Always do your own research and make your own investment decisions. This message is not a solicitation or recommendation to buy, sell, or hold securities. NIA's President has purchased 211,000 shares of NPR in the open market and intends to buy more shares. This message is meant for informational and educational purposes only and does not provide investment advice.
Preparing Americans for Hyperinflation
