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To: Cicero

LOL! And when will we start seeing posts about the "gold bubble" bursting?


5 posted on 12/06/2005 7:10:23 PM PST by dawn53
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To: dawn53
And when will we start seeing posts about the "gold bubble" bursting?

Right about the time that our paper currency begins to stabilize. I wouldn't advise holding your breath.

8 posted on 12/06/2005 7:20:52 PM PST by inquest (If you favor any legal status for illegal aliens, then do not claim to be in favor of secure borders)
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To: dawn53

We are probably still fairly near the start of the second upwave. After a major bear that lasted for decades, the gold market started back up around 2000/2001 (double bottom). Then it corrected for around 18 months. Seemingly the second major upwave started around last August. It should last for another couple of years, with some large and violent corrections. Then a third upwave, which will correspond to the eruption that reached 800 the last time around. That will be when you can start talking about bubbles.

I remember that when gold was around 800, every news radio and TV reporter gave out the daily closing prices on gold, right next to the Dow and the weather report. And gold and silver jewelery buying outlets opened next to every McDonald's. When they start doing that again, you'll know the bubble is pretty ripe.


9 posted on 12/06/2005 7:27:36 PM PST by Cicero (Marcus Tullius)
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