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Message: Joe Pubilic's Contribution to the Higher Price of Gold during the "Mania Stage"

Letitfly,

Is it possible that TOO MUCH is being made of the Joe Pubilic's contribution to the higher price of gold during the "mania stage"?

My next Q-Call to JP addresses this question, as the January 1980 spike to over $850/gold oz. was a very brief affair, with gold trading mostly in the $500's surrounding that "blow off peak" all-time record high gold price, when adjusted for inflation.

B.


Jan 25, 2010 02:06PM

Jan 25, 2010 04:09PM
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