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Oh no! The gold bubble is bursting!!!

By: Decomposed in ROUND | Recommend this post (0)
Mon, 10 Oct 11 7:05 PM | 83 view(s)
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Msg. 35334 of 45644
(This msg. is a reply to 35014 by clo)
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I don't know how many times I've heard that over the years. As you can see from the chart below, gold's "bubble" (it's not in a bubble) didn't even begin to burst in the most recent shakeout.

Gold is now back to $1,670/oz... and is a smart buy. It's on track to top $2,000/oz by October, 2012, and $2,200/oz by March 2013 - assuming its rate of increase does not accelerate again by then . . . which I think it will.

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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: Gold By: clo in ROUND Thu, 22 Sep 11 6:24 PM	Msg. 35014 of 45644
Remember, margin calls are weighing on gold & anything else that's of value. clo

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