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<p>[QUOTE=&quot;Cloudsweeper99, post: 1331141, member: 3011&quot;]Regardless of what the Nevada Mining Assn says, if you check the data yourself, you will arrive at a different conclusion.&nbsp; I don&#039;t know what agenda they are pushing, but their numbers don&#039;t pass the smell test.&nbsp; Frequently, someone will publish a number and it will be copied, and copied, and copied and translated slightly differently at each step until folks don&#039;t even recall how the original number was calculated.&nbsp; That&#039;s why it pays to check everything you read, especially from industry associations which are biased.</p><p><br /></p><p>I don&#039;t define a bubble as declining demand, and I don&#039;t confuse a bull market with a bubble.&nbsp; I know it has become fashionable to call every rise in price a bubble after the business media missed both the Nasdaq bubble and the real estate bubble, but bubbles are relatively rare and it is highly unusual that we had even two of them.&nbsp; Some folks see the present treasury bond interest rate as a bubble, but I have my doubts since there isn&#039;t widespread public participation and speculation on margin except for a few hedge funds that specialize in that sort of thing.[/QUOTE]</p><p><br /></p>

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