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Strategies & Market Trends : 2026 TeoTwawKi ... 2032 Darkest Interregnum
GLD 374.27-0.2%Nov 21 4:00 PM EST
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To: golfer72 who wrote (95696)10/23/2012 5:36:33 PM
From: Maurice Winn6 Recommendations  Read Replies (1) of 217980
 
Admittedly, gold is not in such a bubble as it was yesterday, or last year. But it's right on the sooth line, so it's right on track in Bubbleonia. Moai culture continues to develop with people in China investing $millions in digging holes in the ground in the hinterlands of Australia, finding grams or milligrams of gold per ton of rock, which is hauled all over the place for hundreds of kilometres to a rock grinding, gold filtering mill, with the gold then transferred by quantum tunnelling into a vault in Hong Kong via financial relativity theory.

Gold production is booming as swarms of people around the world go scavenging in the dirt for more of the stuff rather than doing something useful.

Many gold bugs will be disappointed right now as gold prices fail to ignite as hoped. They predicated their investment on hyperinflationary QE panic but are finding that as with all bubbles, they are not alone in their amazing insight into monetary theory. They should be thrilled that gold prices are not soaring because soaring would mean mayhem and they will not be necessarily winning even if gold prices double and double again and maybe twice more.

Mqurice
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