what bubble?

They say a picture is worth a thousand words.



For those who don't like pretty pictures, have a listen to Louise Yamada. She's one of the most respected technical analysts on Wall Street and has a pretty impressive track record.

In a nutshell Yamada sees $2,000. Usual stuff, lower lows and higher highs. Gold is still in an uptrend. She believes we are only in the second of three phases of a secular bull market.

Have a listen to her forecasts from late last year.

25 November 2009
http://www.youtube.com/watch?v=vhZRCph5wSc&NR=1

5th October 2010
Here is a recent video:
http://www.youtube.com/watch?v=C0uL7pOaw1s