The bear trap phase in the 70's gold bull hit about 250% at its peak dipped down to 100% then spiked to 750% If this is the bear trap phase at 350% are we in for a larger dip under 100% ?
no i'm talking about percentage gains for the duration of the bull run not the percentage of the correction its self. http://www.macrotrends.net/1310/the-four-biggest-us-bubbles
Is the Gold Price following a typical Bubble pattern? Yes and the bull market is now over because the Western world has solved its economic problems and is moving forward into responsibly prosperous times. The former communist nations of Russia and China have secretive economic plans and everyone wears grey uniforms and they are mistakenly buying hundreds of tons of gold because they are not aware that the bubble has burst. The COMEX vaults are full to bursting now because everyone smart has sold all their gold and made a loss and now there's just tons of worthless gold sitting there and the silly Russians and Chinese are buying all the gold in the vaults but there's so much there that the price keeps falling. So sell all your gold now because it will just be a burden now for decades like last time and then you will have money to spend on things like the stock market which is at all time highs and is only going higher and higher and higher and higher and .........
We can only hope it will recover and pass previous heights. I hope this happens within the next 5 years. I'm focusing on silver right now. Better investment at this time.
I think we ARE in bubble. We have largest short position ever in history, everyone are entering and short selling. If this is not in the down side bubble then what else will it be? When this bubble pops, prices would go opposite way (up). Just a tho
Of course they will go opposite, as the bubble pops. Prices will go north, but how much, we don't know. I wonder if gold will ever hit that 1,900 $ mark again. I remember all those 2,000 $ and 2,000+ $ "predictions" by "gold experts". I wonder what they're doing now... Keeping a low profile, I guess - if prophecies don't come true, the prophets hide in the bushes in shame. :lol: Indeed, it looks like a bubble. Kiyosaki admitted indeed that a bubble will eventually form. Sure, here it is... We should have listened to Soros, when he called gold "the ultimate bubble"... I think I'm going to focus on the USD for a while. But still eyeing silver Gold will be weak for a long time.
While I do not think we are at the bottom I think we are close to a bottom. Gold price will not be weak for as long as you might think. The cartel have been making Chumps out of most with their predictions. I've given you the road map its up to you how you use it. I won't be giving further lower numbers if I see them. That may prove unwise for several reasons. If I'm wrong id welcome a change
Around the 1050 mark would be good enough for me....waiting patiently...powder dry, fingers twitching....
Concede defeat or get shaken off the bull? If you think the 'bubble' has burst then why are you here? To make sure we are all aware it has burst? Bugger off to somewhere more interesting.
I see gold under $800 before we see $1500. I'm a major buyer at sub $800...and we will get there. The housing market is starting to recover, and with that...more money will be "generated" and more "credit" will be easily obtainable. Stock prices will soar, >17,000 DOW and Gold, short-term, will see sub $800. Then, it will all come crumbling down...dow will hit <10,000 and gold will see $2000. you heard it here first.
