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SPDR Gold Shares Message Board

  • johnrambone39 johnrambone39 Sep 28, 2010 11:26 AM Flag

    HERE ARE TWO LAYMANS REASONS WHY GOLD ISNT A BUBBLE YET..

    In my own experience as someone who timed the dotcom bubble fairly well and made a mint..Ive found more than any indicator or analyst..the best way to guage a blowoff top is to guage human sentiment and emotion for those to things remain constant over time. So I will sell my small gold position, and have advised friends to sell their gold holdings when they start to see the following.


    1. GOLD for CASH stores instead of CASH for GOLD stores. When stores targeted at the main street like this start selling gold under the guise of a pawny name thats one big sign.

    2. When you start to see the gold commercials on tv offering you GOLD for your cash, insteasd of selling your gold to them for cash youll know the top is imminent.

    Keep this simple folks. this isnt rocket science. My simplicity and millions have been acquired through value investing and keeping it simple. By keeping it simple I am confident that you goldbugs will make a mint before this is over. GL

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