[Pelham]

“Central banks are like lots of other people—they just follow the crowd. There are probably better commodities to buy than gold, but you can’t tell that to central banks because they’ve got gold on the brain...”

Gold is in a bubble. But the ability of bubbles to continue to grow can be astounding.

[Prince Caspian]

One could consider everything to be a bubble. Either a convex bubble or a concave bubble. Absolutely nothing is perfectly smooth or exactly where it should be at any given snapshot. So all these convex/concave bubbles create a textured surface of the whole that is larger and more complex and with more variables and unknowns than anyone can get their head around. Each person has his or her own partial view (or agenda) in which he is emotionally (financially?) invested and therefore defends to the death. But the bottom line is that no one really knows much of anything when it comes to predicting what's happening next. (Not that there's anything wrong with that...).

[Dick Bachert]

We’re in the TULIP phase of the gold run up.
And I ain’t selling either.

[enduserindy]

“Gold is in a bubble.”
I hope you are right. As I understand the situation that is the only good outcome for most working Americans (make that humans.)