" I shared a 25-year weekly bubble comparison chart that plotted "bubble benchmarks" Japan (80's), NASDAQ (Y2K), China ('07), and crude ('08) against the current state of gold. I did it for one reason: to offer the "other side" of the parabolic frolic. Scroll to see below.
Over the years in the 'Ville, we've gotten a fair amount of flack at various junctures. We shared "the other side" of housing in 2006 (while preparing for "a prolonged period of socioeconomic malaise entirely more depressing than a recession"), offered that financial institutions were "technically insolvent" in 2007, and braved the short side in crude in 2008 (while transitioning my long-term bucket to 100% cash).
While some of you may not remember those stances, lemme assure you they were wildly unpopular at the time. "
Continues
Random Thoughts: The Gold Scold!
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