Gold nothing like any of the other major bubbles in size
Attachment 4914Attachment 4914Gold at $3000? Only if Bubbles Repeat...click on the image for bigger size
This chart tracks the the performance of gold since July of 2002 against the three largest bubbles of the last 40 years. Past bubbles have shown strong but steady growth for the first 7-8 years before moving into a hyper-growth phase for the last 18-24 months. Each series is adjusted for inflation and is smoothed with a 3-month moving average.
Well one could be lead to be contrarian when leading up to the last Debt ceiling Gold Boomed this time it's done the dead opposite so we could well see it Trade upwards on a deal and on the back of higher markets ...remember how gold was smashed during the GFC