Actually, what I think of when I see "bubble" and "gold" in the same sentence is Bre-X. There was a situation where retail jumped on a bandwagon because it so wanted and needed something to believe in, a way to manufacture some success. Here in Canada the PPS cleared $100 as people fell over themselves to get "this bargain at any price" - which of course turned out to be a fraud.

If gold even hints at starting a real bull run, people will be jumping at any opportunity to profit from the bubble - they have just taken a two year kick in the teeth, and they will be searching for any kind of security from the turmoil which will follow the current money-printing madness. A company like KRY, with substantial proven reserves, and with the real possibility of substantially more ore in this patch, as well as future JV stuff with CRRC could benefit from one of those rare bull runs that come only once a generation. And this one would be just about as real as the buyers want it to be.