http://www.contrarianprofits.com/articles/the-gold-bubble-is-it-big-enough-to-burst/21022 Access market-beating ideas from the world's top investment gurus on stock market investing, the gold market, ETFs, Forex trading and real estate values. Tue, 18 May 2010 05:09:46 -0500 http://wordpress.org/?v=2.8.5 hourly 1 http://www.contrarianprofits.com/articles/the-gold-bubble-is-it-big-enough-to-burst/21022/comment-page-1#comment-80602 Seth Mon, 16 Nov 2009 11:25:43 +0000 http://www.contrarianprofits.com/?p=21022#comment-80602 I definitely disagree with your analysis of gold. Just because the 'average guy' on the street does not own gold does not make something a bubble. We have a recent example of this. Oil in 2008 was clearly a bubble that burst and went from a high of $147 a barrell to $30. That is a wipeout. Did the averager person own oil back in 2008? Did the public participate in the runup in oil prices? Not at all. Professional traders and hedge funds were the main reason oil ran up so fast and far and then came crashing down. A bubble can be formed and popped without the public being involved at all. The 1930's were another example of this type of thinking. The public back in the thirties in general did not own stocks and yet that was a bubble that wiped out. More fear should be exercised about what the professional is doing than worrying about the what the average investor is doing. Your analysis is flawed and dangerous to anyone who follows you. I definitely disagree with your analysis of gold. Just because the ‘average guy’ on the street does not own gold does not make something a bubble. We have a recent example of this. Oil in 2008 was clearly a bubble that burst and went from a high of $147 a barrell to $30. That is a wipeout. Did the averager person own oil back in 2008? Did the public participate in the runup in oil prices? Not at all. Professional traders and hedge funds were the main reason oil ran up so fast and far and then came crashing down. A bubble can be formed and popped without the public being involved at all. The 1930’s were another example of this type of thinking. The public back in the thirties in general did not own stocks and yet that was a bubble that wiped out. More fear should be exercised about what the professional is doing than worrying about the what the average investor is doing. Your analysis is flawed and dangerous to anyone who follows you.

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