We have generally been extremely accurate in our forecasts here at BMR – just recently, two months ago, we correctly predicted that 1343 was the bottom for the year in the CDNX and that a major new move to the upside was underway. Now we have another bold prediction which should be music to everyone’s ears: We are in the midst of a move of historic proportions in the CDNX that could make millionaires out of many. In the span of just less than a year, from late 2008 through late 2009, the CDNX doubled in value from 700 to over 1400. The CDNX got as high as nearly 1700 this past spring and then corrected 20% to 1343, the July 6 low. Given historical patterns and an anticipated move to $1,500 or better in the price of Gold over the next year, another doubling or more in value of the CDNX from the July 6 low is our “big picture” view. That means the Index could ultimately challenge its all-time high of around 3,300 that we saw in 2007. And it’s quite conceivable we could see the CDNX double from its July low by as early as the spring of next year – anyone who doubts that hasn’t gone back in history and has also forgotten the incredible “dot com” boom from the late 1990′s and how the Nasdaq in 8 months went from a low of just under 2,500 in August, 1999, to a high of 5,100 in March, 2000. The boom that we believe we are about to see in junior gold stocks may very well mirror the “dot com” craze. All the ingredients are in place for such a move, and we’ll elaborate more on this in the coming week. The CDNX jumped another 65 points this past week to 1662, putting it just 29 points shy of its 52-week high of 1691. BMR’s technical analyst does see a market right now that’s quite frothy and in an area of major resistance, so some consolidation is possible (i.e., a pullback of maybe 5% or so) for the overbought condition to unwind itself somewhat before a major push to a new 52-week high. John’s updated CDNX chart analysis will be posted later today. As for Gold, the yellow metal raced to a new all-time high this past week, closing Friday at $1,274 for a $27 weekly gain. Gold finally blasted through resistance in the $1,260′s and the next stop appears to be $1,300 as John outlined in his excellent article Friday. And for once we’re in agreement with analyst Clive Maund – he missed what we saw in July, as we use the CDNX as our most important leading indicator, but Clive posted an insightful free article on the precious metals markets this weekend that we suggest investors check out (www.CliveMaund.com).