Lets face it if we are in a bubble it's a pretty poor one. Friday gold rises 3% and silver 4% and virtually nothing happened to my gold and silver portfolio. That doesn't happen in a parabolic mania.
However, I did read months ago that one forecaster had pegged $2,000 as the magic number to get the general public involved in a bit of a frenzy for the commodity. Lets hope so as the disconnect continues to grow as gold rises and the share price of producers meanders along.
Personally I think the XGD is about to breakout but I will wait and see...
Interesting times if nothing else.
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$2,000 the magic number?
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