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Picture du Jour: Is gold in a bubble?
Many “experts” remain skeptical about the performance of gold bullion and often contend gold is in a bubble. The chart below, courtesy of Casey’s Daily Dispatch, casts some light on whether the barbarous relic is displaying bubble characteristics. You be the judge …
Source: Casey’s Daily Dispatch, June 23, 2010. Meanwhile, from across the pond, David Fuller (Fullermoney) commented as follows: “… my guess is that we may be no more than approximately halfway through gold bullion’s secular bull market. I remain somewhat cautious about gold’s short-term outlook but I am a long-term bull.” Stick around – there is no fever like gold fever! More on this topic (What's this?) Scary: Why China is Buying Gold Like Mad (Learn Mining News, 1/30/12) Why the Gold Slump is Not Over (Investment U, 1/9/12) Gold and Silver Are Headed for Record Highs (Wealth Daily, 1/31/12) 1 comment to Picture du Jour: Is gold in a bubble?Leave a Reply |
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By Prieur du Plessis, on June 28th, 2010 posted in: 
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ECRI Leading Indicator: Turning for the better?
Roach on U.S. economy, Fed policy, China, Europe
Prieur’s Readings (Jan 30, 2012)
European choices
What does the chart look lIke adjusted for inflation? Gold will likely succumb to the deflationary forces.