Bubble starts now - Ross Greenwood talks about gold on Today show

So I was enjoying a sleep in (7am over here) and in barges the other half telling me Ross Greenwood had his 1 minute segment on gold and mentions Perth Mint.

Does that mean the bubble phase is starting (was that phase 2 or 3)? Depository was busy as yesterday, starting to get back to 2008 GFC type levels.

And yes I know how sad it is I'm writing this on public holiday morning

 

Gold never sleeps

 

So you're thinking $100 silver and $2k gold is the top them Hobo-jo ?

 

See below Platinum 1992 - 2011 - very similar to the bubble graph above

 

Except for the last bit which is what I hope silver does

 

I'm still astounded Bron sleeps

 

I am hoping that GP is right in this matter too, and the bear trap is yet to come...Last 3 weeks makes one think that the $26 we saw in Jan 2011 was the bear trap...

 

$50 is the (for want of a better term ) 'numerical' record set in 1980. But what is the comparable value , i.e. what did $50 in 1980 equate to in dollars today (adjusted for inflation)?

It's a moot point really, it's just an arbitary point reached before the US government intervened in the spiralling silver market. It well could've gone much higher. Not to mention that the communist population of the world were locked out of the competition back then, but not now.

 

That's the point isn't it? 1980 and $50 is worth a lot more than $50 today, so we're probably around $20 in 1980 terms.
I'm with Celente in that the governments will jump on the whole market when gold draws toward 5k - or when JPM gets well and truly wobbly, and not just inconvenienced as now.

 

Yesterday, I read an interview with John Williamson of SGS. He updated the gold and silver prices needed to = $850 & $50 in 1980. I believe the equivalent prices today were $8331 & $498.

 

Hey everyone its a pertinent point to remember when considering inflation adjusted highs that although in nominal terms the cost of production for silver has risen since it peaked at around $50 U.S. per ounce, the inflation adjusted cost of production has probably (I don't have stats on this at the moment but based on what has happened to most other commodities its a safe bet) fallen since then, so I would argue you can't necessarily just assume that silver will hit a new inflation adjusted high.

 

I thought you were talking about the weather for a second there. :lol:

"Winds move to 50kt within the next few weeks, this proves to be some short term (physical) resistance, but eventually breaks above (before Winter). The break is going to bring even more high pressure systems, probably hit a @#$%load of lows just above 50kt (those mountains) and it will spring higher (short squeeze) from 50kt with gusto, possibly to 55kt-60kt or higher, but following we will have a cold spring, a severe one."

@_@


But in all seriousness, I have been thinking along the same lines.