FallguyYou said:"It's the excess and the hype about gold that...

Fallguy

You said:

"It's the excess and the hype about gold that does remind me of the dotcom hype and it may fuel a bull run in gold and gold stocks."



Do you understand why hype and majority concensus opinion very often signal a top?


It's because it's at this time that all majority have taken a position. From where do the additional funds that are required to support a market and further rises come if those that are willing to take a position have already done so?

That's what happens at market tops - there are not a sufficient inflow of new funds to support the market. This is very often characterised with parabolic rises in the indicies in question, and widespread public participation in the bull market.

Do you honestly believe that we're at this stage yet? Have you spoken to you brother, your grandmother, you sistet in law, you workmates, or you friend about gold recently? They wouldn't have a fu*ks clue about gold--- infact they'd tell you you're bonkers for even raising the topic.

This is characteristic of the initial phase of a bull market.

Do you honestly think old is extended after a rise from $250 to $360... considering its fall from over $850 over 20 years ago?

Remember: look at the big picture, and then answer honestly.