I think gold has a few more months in this run and should get about 30% higher...$1500-1600.
edit:
I think the best way to play the game is with DGP, GDX, or GDXJ.
GDX and GDXJ are ETFs on mining companies, the J in GDXJ stands for "junior" so it is smaller companies that will benefit from M&A activity when the price of gold consolidates. Low oil prices and high gold prices benefit miners hugely.