Another bubble? Gold and silver going through the roof

[n2doc]

Au-1472/oz at the moment


Ag- 41.70 at the moment


Looks like a lot of tech stock charts looked before 2001.....

[AlabamaLibrul]

1. Those aren't inflation adjusted, although silver is nearing if not right around record highs n/t

[AC_Mem]

2. You know what they say...

What goes up, must come down.

Annette

[MineralMan]

3. I'm going to wait a little longer, so I can buy at the peak.

:rofl:

[JohnnyRingo]

7. You stole my investment stategy.

You must be looking over my shoulder at my OptionsXpress screen. How do you do that?

[MineralMan]

9. That's how I've lost my millions. Not everyone can do it, though.

In reality, I think I'll go through my wife's jewelry while she's out of town this weekend. I need some new fishing tackle. :rofl:

[kentuck]

8. I'm an expert at that...

A lot of experience from the dot.com bust. :-)

[MineralMan]

10. We're a rare breed. Not many can predict a peak accurately.

I'm so proud that I'm one of the few.

[kentuck]

4. Very possibly.

The only other thing going up right now is oil.

[Renew Deal]

5. If the US defaults...

:hide:

[JohnnyRingo]

6. I think it will be oil (again)

With futures being pushed artificially through the roof, mutual funds and speculators using pension money are seeing it as a quick short term buck. Experts are predicting they will continue to rise throughout the summer, and it takes the edge off when it's someone Else's money, but when the music stops investors will be surprised as usual that there are so few seats left. this prediction that futures will keep rising may be part of the overall ruse.

The oil bubble is a financial time bomb that will leave many holding a bag that's worth much less than they paid and will send fragments throughout the market affecting even precious metal commodities. These pre-fab bubbles are a relatively newfound game for the Wall Street gangs and should be regulated out of existence. It's often overlooked that when someone loses their shirt, someone else gets a new wardrobe, and it's never by accident but through manipulation.

Oil is particularly damaging to our economy because we no longer back our currency in gold, but petrodollars. For that reason, oil futures should be more carefully regulated, much as the Chinese do the price of plastic tchochkas.

[crickets]

12. +1

Unfortunately, the more necessary the regulation the less likely we are to see it these days.

[dixiegrrrrl]

11. I'm rich!!!!!

All those fillings in my teeth are approaching what I paid the dentist for them.
whoopeee!!!!