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<p>[QUOTE="Daniel M. Ryan, post: 1240347, member: 32253"]If gold and the Dow cross, I'd run away if I were you. In fact, I'm planning to myself. The last time that happened, the gold party came to an end. It may come to an end well before the two cross. </p><p><br /></p><p> I should say there was a rebound after 1980's peak. One could have gotten out in 1981 at $650. The trouble was, anyone who had anything to do with gold said that the metal would go back to four digits...and their reasons were seductively plausible. Inflation was still in double digits then. The only warning sign was real interest rates shooting up to high levels. Even that was explained away as the bond market anticipating higher inflation down the road. Many believed them. </p><p><br /></p><p>It's vey hard to get out when you should once there's a real bubble. Even getting out after it's cracked is very hard. That's why so many people ride the burst bubble back down after riding its expansion.</p><p><br /></p><p>Of course, I except margin calls <img src="styles/default/xenforo/clear.png" class="mceSmilieSprite mceSmilie9" alt=":eek:" unselectable="on" unselectable="on" />[/QUOTE]</p><p><br /></p>
[QUOTE="Daniel M. Ryan, post: 1240347, member: 32253"]If gold and the Dow cross, I'd run away if I were you. In fact, I'm planning to myself. The last time that happened, the gold party came to an end. It may come to an end well before the two cross. I should say there was a rebound after 1980's peak. One could have gotten out in 1981 at $650. The trouble was, anyone who had anything to do with gold said that the metal would go back to four digits...and their reasons were seductively plausible. Inflation was still in double digits then. The only warning sign was real interest rates shooting up to high levels. Even that was explained away as the bond market anticipating higher inflation down the road. Many believed them. It's vey hard to get out when you should once there's a real bubble. Even getting out after it's cracked is very hard. That's why so many people ride the burst bubble back down after riding its expansion. Of course, I except margin calls :eek:[/QUOTE]
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