Gold can easily jump 30%, stocks 60% - Holmes
By GCRU Gold News on Friday, June 20 2014, 20:31 - Permalink
Well, that's hard to say, but I have a suspicion that gold can easily jump 30%, up two standard deviations, because it's been down two standard deviations. Meanwhile, gold stocks are cheaper today than they were during the crisis of 2008, relative to the price of gold. So if we have a 30% increase in the price of the gold over the next 12 months, the gold stocks could rally 60%. For that to happen, we would have to see peace and prosperity in China, India, Southeast Asia and the Middle East, because that really triggers the consumption of gold.