Interesting statistic. Not sure it points to a 'bubble' in gold, though, if that's what you're trying to say.If a market correction happens -- per your later post -- then Au is likely to rise in the short term.
I disagree, I think gold tanks in a correction.
Because of the sovereign debt/currency concerns/crisis, which as I said in another comment is part of the crappy backdrop, and includes the dollar of course, I think Au will find buyers in a market correction.We'll see.
Interesting statistic. Not sure it points to a 'bubble' in gold, though, if that's what you're trying to say.
ReplyDeleteIf a market correction happens -- per your later post -- then Au is likely to rise in the short term.
I disagree, I think gold tanks in a correction.
ReplyDeleteBecause of the sovereign debt/currency concerns/crisis, which as I said in another comment is part of the crappy backdrop, and includes the dollar of course, I think Au will find buyers in a market correction.
ReplyDeleteWe'll see.