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Gold Could Rise 900% as Central Banks Go NUCLEAR During the Next Crisis


 -- Published: Monday, 13 June 2016 | Print  | Disqus 

By Graham Summers

 

While CNBC and other media outlets continue to hype stocks and talk down Gold, the precious metal is crushing virtually every US-based asset class.

 

Year to date, Gold is up over 20%, compared to nearly 5% for Treasuries and a mere 2.55% for stocks.

 

 http://goldseek.com/news/2016/6-13gs.png

 

This outperformance is nothing new. Since 2000, Gold has returned 340%... nearly twice Treasuries’ return of 186% and exponentially higher that the S&P 500’s 42% return.

 

And this is including Gold 40% correction from 2011 to today.

 

Speaking of which, Gold is now breaking out against the US Dollar, the Yen, and the Euro in the last year or so. This has many asking whether the next leg up has begun for Gold’s major bull market.

 

During Gold’s last major bull market in the ‘70s, the precious metal advanced via two major legs.

 

During the first leg, from 1970 to 1974, Gold rose 550%. It then corrected 50% before beginning its next leg up.

 

However, it was the SECOND move higher than was the BIG one= a 900% increase in value.

 

Using this as a proxy, during the next leg up in the Gold bull market today, Gold could hit $10,000 per ounce. A 900% advance from current levels puts us around $10,800.

 

Best Regards

 

Graham Summers

Chief Market Strategist

Phoenix Capital Research

 

 


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 -- Published: Monday, 13 June 2016 | E-Mail  | Print  | Source: GoldSeek.com

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