RE:RE:New Gold has $2B Market capNo I was right the first time, $1200 gold price today should be roughly $3400 not $4000, since $850 is $2400 in today's price, and half times that to roughly $1275 is $2400 + $1200 = $3600.
But all gold stocks should still be roughly 3 times higher now, adjusted to inflation, since $3400 is roughly 3 times the present $1200 price of gold.
Except for the paper gold markets of the COMEX and London Metal exchange still being able to determine the price of physical gold by paper gold manipulatons.
All occuring in the lull of the present gold era from end of 2011 when gold metal was $1900, to the end of 2015, when the gold lull and bottom ends. Comparable to the lull and bottoms in the 1970s gold era from 1976 to 1979, before the gold era continued and bubbled for 1 year until FED chief volcker raised interest rates above inflation, making the interest rate real and not just nominal, as it had been before that.
This time interest rates can't be made above inflation or the world economy stops and servicing of the world's humongous sovereignty debts ends, let alone all cash flow servicing of whatever type.
What a pickle the US led west and world is in?