If, and this is a big if, history repeats, then gold is now in the Awareness Phase and, more specifically, at the end of a Bear Trap. If the gold price is to follow like in the ’70s the same pattern, or something close to it, then it looks not only possible that the price of gold will reach US$5,000, but even exceed it and approach the $6,000 level. As for when, if the ’70s’pattern repeats, even if not exactly in the same way, we could expect the Mania Phase to start somewhere between 2015 and 2017 and last until 2022-23.