With world debt at least twice 2008 levels we are witnessing the dawn of a new system, and have been close to a collapse twice this year already. We now have central banks that are actually purchasing stocks. The monetization of stock markets is a factor in preventing the collapse.
Central Banks have already printed the money, now it’s just a matter of when will the panic out of money and into real assets happen. Velocity is at
When the stock market turns and control is lost, there may be a period of 1-4 weeks where gold goes down. After that we will see capital moving back into gold, and we should see a massive influx of capital into the mining shares which will take out the 2011 highs- perhaps by multiples.