To: Hawkmoon who wrote (80308 ) 9/25/2011 3:58:54 PM From: Maurice Winn 1 Recommendation Respond to of 217734 Hawk, it doesn't look parabolic to me: < no one here can assert that Gold hasn't gone parabolic and is likely to rest and consolidate for a year or more. > It looks more exponentional, hyperbolic or even asymptotic, or, dare I say, Calabian. As in extra-dimensional. Another world. mathworld.wolfram.com Or, as Uncle Al KBE our great, estimable and venerable idol would say, the world of Irrational Exuberance. I'm kidding really. It's just that it always amuses me when people use mathematical terms to mean "has gone up a lot". My favourite is "asymptotic" which is a silly one since an asymptote is a line towards which a function approaches but doesn't reach. I shall use Calabian because the "other worldly" aspect of it is where consciousness goes when it floats off into the aether of wild speculation. Which is of course where all the fun is, outside our banal temporal existence. So I spend considerable time there. But one must treat a trip to Calabian space like an exotic holiday - an ephemeral fantasy albeit seemingly real at the time. I suppose that's why drugs are so seductive - stay high and in perpetual Calabian holiday mode. Unfortunately, reality is not asymptotic let alone Calabian. It's more like plain old Euclidean geometry. It doesn't even rise to parabolic let alone the realms of hyperbole. But cutting to the chase, gold does not seem to be in the omg realm yet. $2000 is just the start for seriously exogenous pricing. As US$ are diluted and fear develops, $9,314 could be a done deal by as early as 2014 or 2015. There are things happening which tend the trend to that direction: finance.yahoo.com I plan to buy gold [specifically GLD]. Preferably sooner than later. But I'd like to see some more decline first as the gold bugs get a taste of reality [house prices and gold do not always go up in price, at all, not even geometrically]. Mqurice