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?
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