Gold....Perhaps Another Bubble....

Quote from libertad:

http://seekingalpha.com/article/121250-gold-the-only-remaining-bubble?source=article_sb_popular
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Badly written and researched article.


1) No inflation. LOL yeah ok. I have yet to see prices for any vital good fall, they only rise. And it's not like there is trillions of cheap money being pumped into a stalling economy

2) CRB index comparisons. They are weighd down by oil. Oil itself is not expensive, it is the refining which is the issue.

3) Paper gold & physical gold are two markets that are moving away from each other. Most gold buyers will never look past GLD. I think many will end up realizing they hold worthless gold contracts & shares.


Where gold will move down in value is versus food, water, electricity & medical. But not versus fiat currencies.
 
GOLD is not in a bubble, Gold should be at 1500-2000 at this very moment, if it were at 2500+ I would be calling it a bubble, however its no where near a bubble.
 
Quote from AK100:



Again, Gold is up about 5% on the year and people are screaming that 'it can't go up for ever', 'the crowd are going to get caught out', 'the massive rise in Gold signals something'

5% over the last 365 days and it hasn't even broken the high of a few years back........
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Another perspective.

GC up roughly 39% since November with no real pullback too speak of.

Maybe not a bubble...but a lil frothy here.

Only two things can happen from here.

A double top defended at the grand mark and she rolls ala all the other metals. Or a total blow out and it doubles. I dont care either way.

For more insight do some research on how many cars are actually taking delivery. Less than 1% last I heard.
 
Quote from S2007S:

GOLD is not in a bubble, Gold should be at 1500-2000 at this very moment, if it were at 2500+ I would be calling it a bubble, however its no where near a bubble.
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So you have long positions in gold?
 
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