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Strategies & Market Trends : The Epic American Credit and Bond Bubble Laboratory -- Ignore unavailable to you. Want to Upgrade?


To: LLCF who wrote (47068)12/12/2005 1:12:16 AM
From: John Vosilla  Read Replies (2) | Respond to of 110194
 
The gold bear market was the longest by far of any asset class or industrialized country so its been a long time in coming. It was still down like 70% off the highs a good 22 years later. Comparable to Japan being back at its lows in 2012 or NASDAQ in 2022<g>

Compare gold over 25 years to home prices, broad money supply, gross asset value of all US assets and a price at 4k/oz is not unreasonable after a parabolic move down the road..



To: LLCF who wrote (47068)12/12/2005 3:50:14 AM
From: TobagoJack  Read Replies (1) | Respond to of 110194
 
<<gold is typical of any bull move >>

still very early days still ...

folks have not sold out of bonds and stocks yet,

still have multiple homes,

interest rate is still at negative real rate,

govts have not yet outlawed gold ownership

etc, and

GM is still in business

... the road is long, and the journey twisted



To: LLCF who wrote (47068)12/12/2005 4:35:04 PM
From: patron_anejo_por_favor  Read Replies (1) | Respond to of 110194
 
>>the rally in POG over the past year or so is NOT even close to a huge move)<<

Agree totally. It's a typical bull, and fairly early at that. We're now in wave 3, it'll have some big days before we're done, but we've just barely broken the range and we're hearing "parabola"? ROTFLOLOL....20% in a year is many things, but "parabolic" ain't one of 'em.

stockcharts.com[h,a]maclyyay[d19900101,20051212][pb50!b200!i!f][vc60][iUb14!La12,26,9!Li14,3]&pref=G