Thursday, January 20, 2011

Gold vs. All Commodities (PPI)


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

4 comments:

  1. 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.

    ReplyDelete
  2. 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! :)

    ReplyDelete
  3. Very nice read! thanks Mark

    ReplyDelete
  4. remy,

    Very nice read? I wrote one sentence of commentary.

    Hint taken. Hahaha! :)

    ReplyDelete