Perfect Logic

My post yesterday on gold and if it’s possibly a deflating bubble elicited a number of interesting, and predictable comments from the gold bugs over at Seeking Alpha. My personal favorite came from Gigem77:

Now let’s look at time. Gold is up 34% year over year despite the recent correction. How is the dow doing year over year?

So gold can’t possibly be in a bubble. The reason: Because it’s up so much.

Posted by on April 2nd, 2008 at 9:30 am


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