I live in the USA and I am concerned about the future. I created this blog to share my thoughts on the economy and anything else that might catch my attention.
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 BubblesIt'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! :)
Mark,
ReplyDeleteIt 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,
ReplyDeleteI 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
ReplyDeleteremy,
ReplyDeleteVery nice read? I wrote one sentence of commentary.
Hint taken. Hahaha! :)