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Pastimes : The Philosophical Porch -- Ignore unavailable to you. Want to Upgrade?

To: Rarebird who wrote (4867)	11/9/2009 3:23:37 PM
From: Claude Cormier	Respond to of 26251

Well, that is a valid point of view. It can always happen. But that hyperbolic rise is of very short nature as your chart demonstrate. Not really the essense of a bubble. I have no problem with a 5-10% correction from here and believe that US$1000-$1025 will hold. I think it is the most we will get and also think that a 25% gain is likely from to late 2010-early 2011. By 2017, I can see gold 4-5 times higher if the governments continue on the same path. Gold is discipline and I think the markets need discipline. So I can't see it much lower.