Is the Gold Price following a typical Bubble pattern?

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% ?
 
Bullion Baron said:
Just a quick warning guys, this account 'Different Here' is a sock puppet of Shadow who uses a variety of accounts across different sites to link back into the forum that he runs using another sock puppet 'Alex Barton' (Australian Property Forum). By all means discuss the charts that have been posted here, but I would advise against visiting the links to his forum. Shadow and another troll from the board (Strindberg) have been known to post personal address details (or that they believe to be) of those they disagree with and harass them at work. So if you do visit his forum I would take care ensuring you don't signup or leave any identifying information that has a chance of leading back to your identity.
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Different Here said:
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.
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how_i_feel_eating_cereal_and_watching_tv-15851.gif
 
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 .........
 
JulieW said:
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 .........
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Oh wait....you're kidding.

:D

Excellent read. Thank you for that.
 
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.
 
Different Here said:
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.

http://i187.photobucket.com/albums/x308/LPShadow/Gold_Bubble_Two_Views.jpg
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Two years ago gold bugs ran wild as the price of gold rose nearly six times. But since cresting two years ago it has steadily declined, almost by half, putting the gold bugs in flight. The most recent advisory from a leading Wall Street firm suggests that the price will continue to drift downward, and may ultimately settle 40% below current levels.

The rout says a lot about consumer confidence in the worldwide recovery. The sharply reduced rates of inflation combined with resurgence of other, more economically productive investments, such as stocks, real estate, and bank savings have combined to eliminate gold's allure.

Although the American economy has reduced its rapid rate of recovery, it is still on a firm expansionary course. The fear that dominated two years ago has largely vanished, replaced by a recovery that has turned the gold speculators' dreams into a nightmare.
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http://www.zerohedge.com/news/2013-07-01/gold-bug-bashing-1976-edition
August 29, 1976
:yawn:
 
metalzzz said:
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% ?
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Remember the pendulum...
 
TreasureHunter said:
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.
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A great many people are clinging to this same hope. It's hard to concede defeat and sell on a low.
 
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 :)
 
bullionfrog said:
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 :)
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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... :rolleyes:
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 :P
 
Around the 1050 mark would be good enough for me....waiting patiently...powder dry, fingers twitching....
 
Different Here said:
TreasureHunter said:
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.
Click to expand...

A great many people are clinging to this same hope. It's hard to concede defeat and sell on a low.
Click to expand...

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.
 
Different Here said:
TreasureHunter said:
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.
Click to expand...

A great many people are clinging to this same hope. It's hard to concede defeat and sell on a low.
Click to expand...

Unless you're just a loser!
 
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.
 
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