Illusion of Prosperity: Gold vs. All Commodities (PPI)

Thursday, January 20, 2011

mab said...: 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.; January 20, 2011 at 12:31 PM
Stagflationary Mark said...: 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! :); January 20, 2011 at 12:48 PM
remy said...: Very nice read! thanks Mark; January 20, 2011 at 6:17 PM
Stagflationary Mark said...: remy,

Very nice read? I wrote one sentence of commentary.

Hint taken. Hahaha! :); January 20, 2011 at 7:21 PM

Illusion of Prosperity