Not to mention that history appears to support Lassonde's outlook for a longer bull run. He noted that over the past 200 years, the average bull market has been 21 years.

Another indicator Lassonde used in support of his argument for the longevity of this bull run is the Dow to gold ratio. Lassonde said that the top of every bull market has been met with a ratio of 1:1.

When he spoke at the Denver Gold Forum, he noted that the ratio was about eight to one. He said if he is correct about this relationship, that means gold will go to $13,000 over the next 10 years.

“I'm not so sure about one to one,” Lassonde said. “But two to one, I would bet a lot of money on that one.”

 

Securities Disclosure: I, Michelle Smith, do not hold equity interests in any companies mentioned in this article.

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