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Strategies & Market Trends : 2026 TeoTwawKi ... 2032 Darkest Interregnum -- Ignore unavailable to you. Want to Upgrade?

To: Haim R. Branisteanu who wrote (58508)	12/1/2009 12:41:29 PM
From: carranza2	Respond to of 217671

I just need one more bubble, I promise I will sell at the top this time. vbg.

To: Haim R. Branisteanu who wrote (58508)	12/1/2009 12:58:06 PM
From: Secret_Agent_Man	Read Replies (1) \| Respond to of 217671

Richard Russell "November 27, 2009 -- "Gold bubble? I regard such talk as nonsense . . . . Gold is about 52% higher than the peak weekly average price of January 1980. The US CPI is 177% higher, US M-2 Money Supply is 464% higher, and the S&P is 892% higher. I don't think it untoward to suggest gold is badly lagging a number of important yardsticks and at theses levels has some catching up to do.

To: Haim R. Branisteanu who wrote (58508)	12/1/2009 1:46:30 PM
From: benwood	1 Recommendation Read Replies (2) \| Respond to of 217671

I think if it hits $2500 then we would look back to this stage of the gold bull and say it was the formation of a bubble. But it ain't a bubble yet. The environment is in no way like 1980, which I experienced first hand. Nearly zero signs have repeated. Frankly, the fewer believers, the better. The current state of the gold bull reminds me more of the Nasdaq in early 1997.

To: Haim R. Branisteanu who wrote (58508)	12/1/2009 3:42:08 PM
From: RJA_	1 Recommendation Read Replies (1) \| Respond to of 217671

>>Gold $1201 and Silver $19.20 definitely in "bubble" mode from the nature of the price action IMHO this is a "flee from currency" trade, or a loss of confidence in government monetary authority's, the Fed in particular. It also reflects unease with the governments liabilities (on and off books), and their means, if any to cover them (other than say, by more borrowing). It also to some degree reflects loss of confidence in fiduciary institutions, many of which are not in such healthy shape (and what health they currently display, in part, is because of successful govermnent pressure on the accounting rule making authorities (FASB). Similar things have happened through history. If this is one of those times, assuming that, what is a suitable alternative?