When talk radio commercials hype it ad nauseum, we've PASSED the mania stage.
Industry is already ramping up to dig up more gold, because at $550 an ounce digging it out of the ground is profitable. That's going to be its stabilization level.
WOW ! Paid radio commercials. You know I have seen a couple of TV commercials too.
Is Gold on the cover of Newsweek or Business Week ? Are people at the water cooler talking about Gold ? These are signs of a mania.... not radio commercials.
Industry is already ramping up to dig up more gold, because at $550 an ounce digging it out of the ground is profitable.
It takes on average 6-7 years to go from discovery to digging out of the ground. The industry will not be bringing large new supplies online for several more years.