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December 15th, 2009, 02:05 PM
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Junior Member
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Join Date: Dec 2009
Posts: 11
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How you know Gold is not a bubble
No one owns it. Its not like tech stocks and 401K's which exposed everyone to equities.
I was at a Stag in Vegas this weekend and there were 30 guys from all over the world in the penthouse. Lawyers, doctors, professionals. Only 2 of us held some physical gold and silver. The rest had none.
NOT a bubble.
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December 15th, 2009, 02:06 PM
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Junior Member
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Join Date: Nov 2005
Posts: 16
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Gold is as close to a purely speculative "asset" as there is in this world. It is in a bubble at virtually any price.
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December 15th, 2009, 02:08 PM
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Administrator
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Join Date: Nov 2005
Posts: 16,458
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How many of them owned crude oil in the Summer 2008? It still imploded 70%.
Knowing something is a bubble or not doesn't give you much of an edge trading it. A simple stop on the way up and down is much more effective than trying to decipher crowd psychology IMO.
__________________
Trading futures contracts carries a high level of risk, and may not be suitable for all investors. Before deciding to trade commodities you should carefully consider your investment objectives, level of experience, and risk appetite. The possibility exists that you could sustain a loss of some or all of your initial investment and therefore you should not invest money that you cannot afford to lose.
http://www.commoditiesview.com
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December 15th, 2009, 02:10 PM
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Junior Member
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Join Date: Dec 2009
Posts: 14
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The answer is actually very simple. As long as gold goes up as much as the dollar weakens, it is not in a bubble. When it still keeps going up, inspite of the dollar getting stronger then the bubble occurs...
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December 21st, 2009, 12:31 PM
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Junior Member
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Join Date: Nov 2009
Location: Minneapolis MN
Posts: 3
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Are you saying they cannot rally simultaneously over the LT?
__________________
Trading futures contracts carries a high level of risk, and may not be suitable for all investors. Before deciding to trade commodities you should carefully consider your investment objectives, level of experience, and risk appetite. Only risk capital should be used.
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December 23rd, 2009, 11:33 AM
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Administrator
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Join Date: Nov 2005
Posts: 16,458
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Yes they usually move in opposite directions of one another
__________________
Trading futures contracts carries a high level of risk, and may not be suitable for all investors. Before deciding to trade commodities you should carefully consider your investment objectives, level of experience, and risk appetite. The possibility exists that you could sustain a loss of some or all of your initial investment and therefore you should not invest money that you cannot afford to lose.
http://www.commoditiesview.com
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