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Gold/Mining/Energy : Silver prices -- Ignore unavailable to you. Want to Upgrade?


To: Don S.Boller who wrote (1837)4/27/1999 11:36:00 PM
From: DavesM  Read Replies (1) | Respond to of 8010
 
The price action of silver/gold is another example of the dangers of a "Bubble Top". Look at any market which has a Bubble "Pop". It can take decades to recover from a Bubble. In the U.S. Stock Market, after 1929, to took almost 20 years to recover. After the US Stock crested in the 60's, it took over a decade to recover (2 if you count inflation).
Every year it seems some expert says Japan is on the verge of recovery but its been 10 years since their bubble top (frankly IMHO their economy hasn't finished imploding). At any rate how many more years does anyone think it'll be before the Nikki makes a new all time high?
IMO Commodities act no differently than Equity Markets in a bubble.