Too high too fast?
Leham
Posts: 24
With gold entering and exiting the 1700s in 3-4 days is anyone else nervous we may see another major correction like the correction earlier this year in silver?
Exponential movement like this makes me think "bubble"?
Exponential movement like this makes me think "bubble"?
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Fellas, leave the tight pants to the ladies. If I can count the coins in your pockets you better use them to call a tailor. Stay thirsty my friends......
It's not a "bubble," but, hopefully, it will retreat and let the little
guys get some.
$3,000 might be bubble territory; might not.
As I noted at $1690, waiting for pullbacks can cost the cautious
a lot of money. I hope the skeert folks have at least used GLD
to catch part of the wave.
Maybe to high ~ BUT??? I thought same thing in July 2011
<< <i>I thought same thing in July 2011 >>
same here
"as long as their is a credit (debt) bubble, there can be no money (gold) bubble." - derryb
will it have corrections? of course. a strait line to the top means there is a top.
"Interest rates, the price of money, are the most important market. And, perversely, they’re the market that’s most manipulated by the Fed." - Doug Casey
I have to admit I'm out of the game at this point and can't see myself paying this amount for bullion.
If I want a coin for my type set, and I find a gold piece that I can use disposable income on....OK.
"Disposable" income is getting harder to come by.
For these prices, I have to look at land.
<< <i>With gold entering and exiting the 1700s in 3-4 days is anyone else nervous we may see another major correction like the correction earlier this year in silver?
>>
No. Instead I agree with JP Morgan that Gold will hit $2,500 by Christmas. I actually will not be suprised to see Gold at $2,000 by
the first of September.
World Collection
British Collection
German States Collection
"Interest rates, the price of money, are the most important market. And, perversely, they’re the market that’s most manipulated by the Fed." - Doug Casey
RMR: 'Wer, wenn ich schriee, hörte mich denn aus der Engel Ordnungen?'
CJ: 'No one!' [Ain't no angels in the coin biz]
Fred, Las Vegas, NV