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Gold - The Big Picture
Once in a while a chart is sent to us that say it all. This was forwarded to us by a gentleman out of Australia who picked it up from Casey Research. The latter stages of this chart reflect the eventual manic phase III behavior in gold that is anticipated by some professionals.
August 27, 2010
This chart also goes a long way towards dispelling the myth that gold is in a bubble. For investors that are accumulating on a long-term dollar cost basis, simply keep this chart in mind when people attempt to sell you on the idea that gold is in a bubble.
There can obviously be reactions, even major reactions in the price of gold but they will always be buying opportunities until the completion of the manic phase in gold.
Eric King
