This chart was posted on the Australia Property Forum showing gold vs a so called "typical" bubble pattern. Either gold is about to go to the moon, or it is going to collapse through the floor, but which is it? Goldbugs, the time to panic is now.
Good question. But don't panic, if you are holding phys, there is no need to protect yourself... you are holding something real and tangible..... even at $300/oz.
I agree there could yet be a big move up but I'm not currently holding any PMs because: 1. The price collapsed in GFC 1. The Dow is still close to record highs. 2. Demand at dealers is high. Margins should be lower and buyers scarce when a significant bottom is in. But time will tell. Good luck.
chart comparing gold to bubbles.. http://www.macrotrends.net/1300/gold-at-3000-only-if-bubbles-repeat
I don't remember seeing the bubble talk when spot was leaping to $1900. Either I missed it, either it was too scarce to find easily then, haha. Nevertheless, with governments/centrals holding a couple tenthousands tonnes gold, anything is possible with golds price.
Looking at both charts there is still time in 2013 and 2014 to gauge and realise which way shes heading. If the timing follows the chart trend then its a crash by start of 2014 or at $2000 instead.
I'm always trying to grow my kids stack of gold. I may sell a little of it on a hunch its going to get really thrashed further and then buy back more at a lower price. I'm confident....I'm confident....I'm not that confident but hey that's the game. Its all dependant on what happens in the next 2 weeks. I can't stress enough how risky this is at a time like this, the timing also would need to be close to perfect. I do not endorse anybody else trying this at a time like this when the downside maybe hundreds of dollars per oz and the upside may well be in the thousands per oz. Suns out in the UK today! Happy days
Very interesting thanks, it looks like gold, if it is in a bubble, isn't as big a bubble as those that went before it?
Hello Bullion Baron, I'm not a sock puppet of anyone. I read APF and saw the chart and thought people here might be interested in discussing it. You have a personal vendetta against APF and I assume this is because you got banned from there for trolling. Please leave this thread alone if you've got nothing on topic to say, don't derail the thread with your petty vendetta. Thanks, Tony.
You were lucky then! Plenty of talk about 'going parabolic', 'phase three' and lots of people trying to pick out where we were on the chart as well as people keeping an eye on the Main Stream Media to see how much Precious Metals were entering into the public's concious. We saw a lot of that chart with various annotations. Ahhhh, the good old days...
I love you bubbles has popped type guys... so good at spotting a popping bubbles! Just one Q... Why did the bubble occur in the first place?? TIA
Perhaps I need new glasses, however it does not look like gold is in a bubble to me. In fact it appears to be that gold is placing itself at the initial stages of a very big run upwards - possibly the biggest in history % wise!
I don't know and I don't care I'll reconsider holding physical when the US and Japan get their deficits and national debts sorted out
Just have this foreboding feeling that the worse is not over. It would just be too easy in my mind. After such a long run-up to the peak, it should take longer for prices to stabilize before hitting its peak again. To go to the moon right now seems like optimistic thinking to me. Nonetheless, I feel that languishing prices present an opportunity to load up slowly.
The question is how far above trend we are right now. If you think that trend belongs somewhere in the mid-to-low hundreds, then we're definitely on graph one (late stage "new normal", nascent "fear"). This describes the market attitude right now, but not where I think trend should lie (long term should be somewhere in the low one thousands IMO, about where it is now). Which suggests graph two - where presently the "bear trap" should have brought us back down to near-trend. I don't see any gold moonshot happening on speculation alone - most of us are here at least in part because we think the Fed is going to kill cash. That alone would argue strongly against any "typical bubble" behaviour.
