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Gold/Mining/Energy : Big Dog's Boom Boom Room

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To: Tommaso who wrote (44553)6/3/2005 1:32:41 PM
From: Schnullie  Read Replies (1) of 206085
 
OT: yes, I agree with your analysis regarding the put prices. The difference between us is that I am apparently much more bearish on the bubble than you. Not "...if it drops to $107" but rather "...when it drops to $107, and then lower. Much lower."

The 6-month time frame for the furthest out contract does give me pause, and I'm hoping to find some better pricing. Otherwise, I learned back in 1998 not to bet against bubble behavior.

My perception of this bubble is probably distorted by living in the SF Bay Area, where 3 BR/2BA 1600 sq ft shacks in marginal areas are going for upwards of $750K.

The Wall of Affordability is Coming.
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