When I think about bubbles in gold from a greed perspective, I think more 2007, than 2011. That's when I was making the biggest multiples on the stocks. News of a discovery of even a geochem anomaly in a gold field was getting a run. Share price options were majorly in the money. My non-mining mates were asking about gold.
GFC ultimately ruined that 07 party. 2011 had a different flavour, IMO.
A good example of a bubble in resources post-GFC recovery and plateau - that would be graphite. Looking generally at the China boom - the projections for all commodities were wrong, but the projections themselves are part of the fundamentals. Kloppers and Albanese lost their jobs for projecting the fundamentals incorrectly. Take something like graphite and the established industry captains are all saying WTF, this is outside the fundamentals. 40+ graphite stocks on the ASX overnight - that's a bubble.
