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Re: How to spread your bets on gold

By: Decomposed in ROUND | Recommend this post (0)
Tue, 04 Oct 11 10:35 PM | 36 view(s)
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Msg. 35225 of 45644
(This msg. is a reply to 35224 by clo)
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clo,

re: "without a QE3 to help inflate it, the bubble will pop."

Why? It certainly hasn't yet acted "like all the metals/commodities."

With gold now at $1,600, does it look to you on the chart below as though it is in a state of collapse after forming a bubble?? All it has done is to return to form after having gone through a mid-term bout of 'irrational exuberance.'

re: http://i55.tinypic.com/2n158ur.jpg

Gold will collapse if the American debt problem is solved. Do you see any indication of that? Do you think we will anytime soon?

Gold is $1,581/oz today. When it hits $2,000, it will be up 26.5%. Let's see how long that takes. - De 3/11/2013 - ANSWER: 7 Years, 5 Months

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The above is a reply to the following message:

Re: How to spread your bets on gold By: clo in ROUND Tue, 04 Oct 11 10:21 PM	Msg. 35224 of 45644
Decomp, Speaking with my friend Ed, in MA today I asked his opinion on 'gold'. He believes it will react like all the metals/commodities, without a QE3 to help inflate it, the bubble will pop. Remember your post on 8/26, not that long ago. #msg-648984 By the way, they had 6 inches of rain quickly this morning, he lives in Marblehead & 80% of the area was under water.

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