Gold and silver up +2000%.

Quote from Debaser82:

Well, determining when an asset class has reached mania levels is obviously quite tricky and I am too young to have lived trough one of the big bubbles of the past to compare.

I once read how during the peak of the Nasdaq bubble hair salons had televisions in them playing CNBC 24/7 so people would never lose track on their portfollio.

Are we there yet, I don't know and I don't think so but I could be wrong.:)
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I worked in the biz through the tech bubble, and all you really need to know is that the pervasive sentiment is "it will never go down again" or " its a new paradigm".

Does that apply to GC right here and now? Yes. Can it go higher? Of course.

You should read : Irrational Exuberance

http://www.amazon.com/Irrational-Ex...=sr_1_1?ie=UTF8&s=books&qid=1257344509&sr=8-1
 
Of course. The credit worthiness of the US would improve once they unilaterally cancel obligations to their own citizens, however credit worthiness would deteriorate if they defaulted on national debt.
 
Quote from Debaser82:


I once read how during the peak of the Nasdaq bubble hair salons had televisions in them playing CNBC 24/7 so people would never lose track on their portfollio.
More...

Carbon copy to what you just witnessed in the real estate market. Everyone and their mothers where flipping in and out of tech stocks. The stylists themselves where giving their clients hot stock picks...Stocks down 40 points just to be up 70 at the EOD...peace
 
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