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Has the gold bubble burst?

 
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deanfx1
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Joined: 27 Oct 2007
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Location: 1 Singapore

PostPosted: Tue Aug 30, 2011 5:41 pm    Post subject: Has the gold bubble burst? Reply with quote

During the past two months gold has rallied by a mind blowing 30 percent as an increased number of investors have been seeking refuge in the yellow metal as worries about the health of banks, government debt and slowing global activity have taken their toll on other asset classes. A 400 dollar rally in such a short period of time became increasingly unsustainable but was spurred on by some forecasts of 3,500 dollars or even 5,000 within a foreseeable future had short term speculators piling in.

http://www.oilngold.com/analysis/commodity-markets-commentaries/has-the-gold-bubble-burst-2011082518930/
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