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All this makes our $750 price target all the more realistic to be reached this year and so far, we are gratified by a near uncanny adherence of Gold to our timeline in particular because, we strongly believe that if Gold ends the year anywhere near to the $750 level, then we will in all likelihood see a powerful surge to new all time highs in 2007 and towards or even beyond $1,050. Our projection of 6 weeks or so ago that Gold in the outer months could reach all time highs within the year, has been dramatically borne out in a rather amazing way as the outer months in Gold's premium has almost doubled from $100 per ounce to $200 per ounce in the December 2010 contract. By this we mean that Dec 2010 Gold has actually soared by nearly $178 in a near unstoppable ascent to Friday's eerily close to $875, close of $866, while June 2006 Gold has only risen by $132 to $685. This expanding premium throughout this most recent rise in Gold is potentially very, if not extremely bullish and is not unlike the expanding premiums displayed in the Energy complex last year ahead of their record moves.

In an upcoming issue we'll outline our Top Ten reasons why Gold is likely to continue sharply higher in the months and years to come, not the least of which is the sheer power of the evolving trend itself, as we explained some time ago is a super powerful multi-decade breakout.

The other bull that has been equally awesome as the Precious Metals, has been what we called some time back: "The Father of all Bull Markets" at the same time anointing Gold as the forthcoming "Greatest Bull Market Ever". And Father Bull has not disappointed... A few days ago, before the end of week's stunning breakouts, we opined that the traders on the floor of the New York Stock Exchange must have been walking around in a daze of awe and disbelief, as to the power of the Bull Market Trend in Blue Chip stocks, that for old timers might have been unlike anything they have experienced in their entire lifetimes or careers on Wall Street. The reason being, the awesome power of the Dow Jones Transportation and Composite along with the Banking Indices that have been soaring relentlessly to new all time record highs. Our ideas on this theme were doubly confirmed by Friday's amazing action that capped off a truly unprecedented week on Wall St.

Long term readers may recall how most all of last year and in fact over the past few years, how we have expounded upon our longer term theories that we are really re-living the times of exactly 100 years ago in 1906 and 50 years ago in 1956 and suggested on many occasion how the similarities of the liftoff of stocks in the fall of 2005, was notably similar to stocks taking off in the fall of 1955 that went on to set new all time record highs essentially for the next 45 years or so that culminated in the Dow Jones Industrial Average rising some 50 fold to its all time record of 11,750.28, a number that is drawing very close to being exceeded once again. The big question now is: Can we really continue to surge higher for years, if not decades to come, in just the same way as we did from 1906 and 1956? And the answer may well be an overall yes. In fact many countries are outperforming the US and have been accelerating higher to the point that if joined by Europe's bourses surging to new highs, we will likely witness the most sustained and synchronized Global advance to new all time record highs of all time. A long time ago, we likened the World economies to a 5 Engine train pulling along some 200 plus cars representing the World's mega-economies of the United States, China, India, Europe and Latin America pulling along all the rest of the World's economies and that knowing how long it takes to get that momentum going, it was unlikely to stop anytime soon and could in fact last for decades to come.

We also highlighted the fact that in terms of Centuries of market activity, that stockmarket performance might actually be increasing what can only be described as verging on exponential, in that, if the rate of advance of the 19th Century was a '1' and the 20th Century was a '3' then by extrapolation, the 21st Century should be a 9. In other words, as this Century unfolds, we could go into hypergrowth, not unlike the Chinese economy has experienced growing at an average 9% annually for an unprecedented 28 years straight for any economy and this staggering statistic alone proves out our theory, at least in terms of Economic Performance. The stockmarket performances of Russia at a stunning 100 times upside since our calling the lows of the fall of 1998 and Latin America's stunning rises this Century are already proving out our theories that some markets in this Century are already outperforming those of the last Century by a considerable factor. Those who read of our 40 ~ 50 year Bull Market projection from 1975 ~ 82, that could last through to Moore's Law extreme projections of 2018 or even right through to mega-Century redux, in some kind of monumental event in 2029, a la 1929 proportions, can also not entirely be ruled out...

We did allude to the probability a while back, that if we could get through April 2006 without too much of a skirmish, then the likelihood of a very strong May would ensue and in a classic 'Run for the Roses' could be the mother of all Summer Rallies seen in some time, if not ever.

Suffice to say, for now we have the bonus of dual awesome bull markets in the form of Stocks and Commodities... When will they diverge?

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