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Commodities Briefing - Categorized | Bullion/Gold, Price Watch more

Gold not a bubble: It’s on its way to $10,000/oz

Posted on 12 October 2011

The recent correction in gold has once again led, to financial commentators warning of a bubble – just as they have incessantly since it first passed $400 an ounce. A bubble usually ends with day after day of speculative higher highs, not corrections like we have just seen or as we saw in August where a $200 fall was followed by the resumption of its decade long rise.
That gold continues to climb a wall of worry, and that so many are even calling it a bubble, is actually an extremely bullish indicator since financial bubbles burst only after sustained periods of exuberance……………………………………….Full Article: Source


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This post was written by:

VRS - who has written 38163 posts on Opalesque Commodities Briefing.


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