If Gold (GLD) Tracks NASDAQ, Housing Peaks It's Headed to $3000... in 18 Months

While it is interesting to note homebuilder stocks and the NASDAQ followed a very similar path (which gold thus far seems to also be on during it's 8.5 year run), I would doubt there is much statistical value from this. But on the off chance gold is about to go parabolic and follow the paths of the other two asset classes, this would forecast to a price of 2.5 current levels, in the next 18 months.

Translation? Gold $3000 by Thanksgiving 2011. ;) You can imagine what world events would be required for that to happen...

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And can you imagine the smile on John Paulson's face... who is now has holdings of gold instruments larger than most countries? [Oct 13, 2009: Largest Gold Reserves by Country]

[Nov 19, 2009: John Paulson Set to Launch Gold Hedge Fund]

[May 16, 2009: John Paulson Continues to Pile Into Gold]

[Mar 17, 2009: John Paulson Joins David Einhorn as Gold Bug with Stake in AngloGold Ashanti (AU)]

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Eye candy courtesy of WSJ ROI blog

• It's been the amazing, runaway boom of the past decade. If you'd put your money into gold at the lows about 10 years ago, you'd have made a nearly 400% return. That's left pretty much everything else—stocks, China, let alone housing—in the dust.
• But if gold is a bubble, here's why it may not be over—and, indeed, may it may be about to go vertical.

  Long Powershares DB Gold Double Long in fund; no personal position