Proof that gold is a bubble.

Quote from peilthetraveler:

or not...

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Pe TT;
I usually agree with you. But CA is so wrong;
& so wrong for long, i like gold, GLD uptrends.

SLV, silver looks mostly downtrending, 1 year candles...
 
Well, that was fun. Of course the gold price is determined by global supply and global demand, and what Americans do has little to do with the gold price. Most of the demand now is coming from India and China. The Chinese in particular have no silly illusions about the strength of the U.S. dollar.
 
the media is a push,if they bother to show only gold buyers,they are long and pushing it up,if they are bothering to show only the negative , they are short and dumping
 
Gold and silver simply indicates the pure price of goods.

I don't understand that so many people is having a hard time understanding such simple things :D
 
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