Too high too fast?

Leham

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"?

Justacommeman

I would welcome a pull back or even a nice long pause........bubble? maybe...maybe not. Unchartered waters. MJ

storm888

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.

BigRick

Yup.

gsa1fan

Buy Gold or keep your $$ in savings account

Maybe to high ~ BUT??? I thought same thing in July 2011

renman95

I thought the headline was about the US debt.

CoinCoins

<< <i>I thought same thing in July 2011 >>



same here

derryb

"with a sovereign debt crisis threatening, a currency collapse looming, and a chronically persistent low interest rate regime, gold looks positively cheap." - John Browne

"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.

gsa1fan

+1 derryb

DNADave

It's high enough for me!

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.

pmcollectour

<< <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.

JCMhouston

My personal opinion is that somewhere in the $2200-2500 range would be a bubble. I am a great believer in bubbles by the way, unfortunately it may be that this time the world really is broken. So although I buy and sell silver to make a profit, I'll just hold on to the gold and if/when the bubble pops and it gets back below $1500 I'll start buying again.

derryb

Market bubbles are normally not recognized until after the fact. Then it's usually too late.

Sonorandesertrat

Gold will march up much higher once it becomes clear to many that the Euro (as we know it) is dead.

Konahead

If you pull back and look at the 10 year chart you will see this is a steady gentle climb, no spike like silver did. As it contiunes the march up I think the swings will be bigger and more frequent. If you bought back in the $400 level these swings don't bother you as much. If you are jumping in now you will need a strong stomach.