Saturday Night Chart Thoughts – Is Gold a Bubble?
- Posted by Robert Sinn
- on August 27th, 2011
One of the greatest bubbles of our lifetimes was the Nasdaq or “dot-com” bubble which topped on March 10th, 2000 at an intraday peak of 5132.52 on the Nasdaq Composite ($COMPQ):
Silver ($SI_F, $SLV) reached a bubbly phase earlier this year at nearly $50/ounce, however, it remains to be seen if that was a major long term top or simply a short/intermediate period of irrational exuberance:
Is gold($GC_F, $GLD) as Dennis Gartman stated last week “one of the great bubbles of our time”? If it is a bubble then how close is it to popping?
The information in this blog post represents my own opinions and does not contain a recommendation for any particular security or investment. I or my affiliates may hold positions or other interests in securities mentioned in the Blog, please see my Disclaimer page for my full disclaimer.
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Robert Sinn is a professional trader and market analyst who focuses on multiple asset classes including equities, futures, options and currencies. He integrates fundamental and technical analysis. More »
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