This is both simple and astounding at the same time. Simple charting and calculations. Astounding in its implications. A target of $2470, and a likely overshoot to $3000 or so. The miners will increase by multiples on this next bull run. It really does look like the fireworks are about to start. Remember, this analysis, as compelling as it is, needs to be taken in context. A downside break of that $1160-$1180 area will mean that somehow, the Fed has managed to manipulate this thing into oblivion, and the reset will be even more dramatic. Unless that support breaks, this appears to be where we are heading.  Two simple charts. One number from each chart. The numbers match precisely. Coincidence ? I don’t think so…

 

Edit: I lined the two graphs up so that the starting point (where they overlap) is the beginning of the bull run. They follow each other closely, as you’d expect, until 2011. My contention is that if money creation and debt is rising (in this case in a parabolic fashion), then gold will follow suit. Clearly this has been disrupted since 2011, but there really is no way I can see this situation continuing. It would make no sense whatsoever. Sense and natural forces always reassert themselves. To my mind, there can only be one outcome.