There were two gold bull markets; 1971-1980 & 1999-2011. The first produced 2,200% gains and the second produced 635% gains. A simple average is a 1,400% gain. Applied to the $1,050 per ounce bottom (Dec 16, 2015) yields $14,700 per ounce. It's not rocket science. It is history.
Hedge funds now jumping into gold. (Bigger funds I spoke with were in this trade last year). No worries. The hedgies tend to bail after short-term profits. Gold is going to $14,000 per ounce. Still time for the everyday investor to join in. twitter.com/JamesGRickards/status/1257866251596070912