Skip to comments.ZeroHedge: Price of Gold Goes Parabolic...(Growing Distrust of US/European Economic Policy)
Posted on 07/13/2011 8:35:24 AM PDT by quesney
As Bernanke reminds the world that the one and only weapon in his arsenal is stealth inflation through dollar devaluation (yes, some had already forgotten it, especially all those economists, think tanks, and others who claimed there was no QE3 hint in the FOMC minutes), there is one clear winner: gold, which continues to surge to all time highs and will likely cross $1,600 within the week (if not day), from which point it is smooth sailing to $_,000.
(Excerpt) Read more at zerohedge.com ...
In DC/Brussels the financial markets do not trust.
The word he’s looking for is exponential, not parabolic.
The price is parabolic. Exponentiality is being experienced only by people who are riding it via futures and derivatives.
.... or asymptotic, along with skyrocketing price of wheelbarrows.
Reaction to McConnel handing obozo the credit card.
Pray for America
lol... good one.
Coincidentally, the below wheelbarrow ad is just about the same size as today's Kitco gold chart.
The word hes looking for is exponential, not parabolic.
Not all exponential functions are parabolic, however.
He is using the right word, which is a common term in this area to reflect an increasing rate of increase.
If only we would go back down the parabola, maybe I could afford some again. I was thinking logarithmic, but exponential is the better word.
A parabolic shape suggests an arc which will have an apogee or a nadir at some point along its travel. Saying that something is “going parabolic” suggests that it is going to take an up and a down. Exponential is a better descriptor.
Smooth sailing to $_,000.00......LOL...
Hurry, get on the bandwagon, you’ll get rich...plenty more suckers behind you... this isn’t a bubble, this is for real...everyone else is doing it, why not you?
Yada, yada, yada...
Where this bubble bursts, who knows, but if it hits the cover of Time Magazine...run like hell.
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