Re: Gold Bubble Beginnings: This is what it might look like:
posted on
Nov 11, 2013 11:10AM
Gold was only 30% above the 200 day moving average in 2011. It took 3 years to rally 170%...................................
Gary Savage believes that when the bubble comes we will see gold stretched 200% above the 200 DMA and it will rally 300-400% in one year. The parabolic phase won’t last a month and a half, it will last 6 months.