Sep 9, 2010

Is Gold a bubble?!

[Chart taken from "crosscurrents]

I have been reading recently lots of analysis regarding the ongoing bubble about Gold.

I believe this chart speaks for itself. You may see some profit-taking, huge corrections, call-it whatever but don't call that a bubble. I'm not saying gold will never be back in a downtrend. It can decrease from there but it has nothing to do with a bubble "in my opinion".

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