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Click to enlarge.
It sure looks like a bubble to me.
Source Data:
USGS: Historical Mineral Prices
Kitco: Gold
St. Louis Fed: PPI: All Commodities
MBA Survey: Share of Mortgage Loans in Forbearance Decreases to 0.47% in
December
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From the MBA: Share of Mortgage Loans in Forbearance Decreases Slightly to
0.47% in December
The Mortgage Bankers Association’s (MBA) monthly Loan Monitori...
6 hours ago
4 comments:
Mark,
It sure looks like a bubble to me.
I think it's a perverse variation of Say's Law - when it comes to asset valuation, price creates it's own demand. I'll call it Lemming's Law.
p.s.
Mish is a zealot. He no doubt would have been shilling for gold back during the late 70s & early 80s bubble.
mab,
I posted these charts on the SLV board and for the most part I had a pleasant interaction with those who disagreed with me.
And then there was this.
Re: Gold and Silver Bubbles
It's right out of Candy Mountain. Shun the non-believer! Hahaha! :)
Very nice read! thanks Mark
remy,
Very nice read? I wrote one sentence of commentary.
Hint taken. Hahaha! :)
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