Gold reporting in the mass media

[cjppjc]

Re: Gold reporting in the mass media

[quote=cjppjc;132375]Great quotes from the NY Times:

“Gold’s appeal has broadened,” added Ms. Cooper, who predicts that it will hit $1,140 an ounce by the second quarter of next year.


Ms. Cooper going way out on a limb there. What a prediction.


quote]


That was quick.

[BiscayneSunrise]

Re: Gold reporting in the mass media

Stopped by my favorite coin shop today and was surprised to see that there was actually a line of people waiting to get in.

Now, this is more a function of the small size of the shop more than anything but a line nonetheless. I chatted up the fellow patrons and came to the conclusion that these were all long time gold bugs; not necessarily newbies crowding the trade. The proprietor did say that he was busier than ever.

[thousandmilemargin]

Re: Gold reporting in the mass media

I expect a gold bubble in 2014. When the price of gold doubles in 3-6 months from a base of at least $3000, that will be a bubble. A la Nasdaq in 2000, a blow-off top.

The psychology is absolutely nowhere near bubble territory yet - we are years away from that.

When you overhear girls at the office talking about "our" gold investments, when most mutual funds have a gold option, when people are as interested in gold as they were in property in 2005 - that will be a bubble.

I think we need to see gold go to $3000 over the next 5 years before we can get to the STARTING POINT of a real mania.

[loweyecue]

Re: Gold reporting in the mass media

I expect a gold bubble in 2014. When the price of gold doubles in 3-6 months from a base of at least $3000, that will be a bubble. A la Nasdaq in 2000, a blow-off top.

The psychology is absolutely nowhere near bubble territory yet - we are years away from that.

When you overhear girls at the office talking about "our" gold investments, when most mutual funds have a gold option, when people are as interested in gold as they were in property in 2005 - that will be a bubble.

I think we need to see gold go to $3000 over the next 5 years before we can get to the STARTING POINT of a real mania.

This level of mania probably exists in India right now and may be in other countries as well? Why does the gold bubble have to be fuelled by US markets? We may just see the impact of increased demand elsewhere, it is both a fungible commodity and has a limited availability only. A global gold bubble can be triggered and sustaoned by non-us demand.

[metalman]

Re: Gold reporting in the mass media

This level of mania probably exists in India right now and may be in other countries as well? Why does the gold bubble have to be fuelled by US markets? We may just see the impact of increased demand elsewhere, it is both a fungible commodity and has a limited availability only. A global gold bubble can be triggered and sustaoned by non-us demand.

read and learn...

google site:itulip.com gold bubble