Gold just fell off a cliff..., page-578

  1. 12,484 Posts.
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    I'll give Johny's point a run.

    In a bubble there is greed, and greed seeks out leverage. Plot POG against ^XAU and you will find no leverage for greed during 2011. You could argue that there is more greed now with shares up 50% and gold around 10% - but I wouldn't run that line personally.
 
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