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what signals the end of the bull market right before it crashes?
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<p>[QUOTE="WoodyWW, post: 1287974, member: 26001"]I've thought G&S were near a top for a couple of years now. The incredibly widespread interest, including by people who weren't into PM at much lower levels. People who now think G&S are a "safe" investment. But I don't see the PM interest <i>quite </i>as crazed--yet--as it got in the late 1970's.</p><p><br /></p><p>I don't know if G&S are overpriced now, but I can't see them as any great bargain. If you load up on gold at $1600, or silver at $30, are you convinced that gold will go to $2500, & silver to $60? They probably will, <i>someday</i>, & it wouldn't surprise me, but I'm not willing to spend a lot of my own $$ on G&S after they've both gone up several hundred % in the last 10 years.</p><p><br /></p><p>By the way, I lived thru the G&S Mania of 1979-80, & subsequent crash. It was really nasty, & I learned a few investment lessons (the hard way). I've been told a # of times on diff. PM forums the last couple of years that the 1970's-80's Bubble & Crash have <b>Nothing</b> to do with what's happening now, no relevance, & another crash & bear mkt in G&S <i>can't happen again.......</i></p><p><br /></p><p>An asset class that <i>can't</i> crash or go into a Bear Mkt after such a huge rise......???[/QUOTE]</p><p><br /></p>
[QUOTE="WoodyWW, post: 1287974, member: 26001"]I've thought G&S were near a top for a couple of years now. The incredibly widespread interest, including by people who weren't into PM at much lower levels. People who now think G&S are a "safe" investment. But I don't see the PM interest [I]quite [/I]as crazed--yet--as it got in the late 1970's. I don't know if G&S are overpriced now, but I can't see them as any great bargain. If you load up on gold at $1600, or silver at $30, are you convinced that gold will go to $2500, & silver to $60? They probably will, [I]someday[/I], & it wouldn't surprise me, but I'm not willing to spend a lot of my own $$ on G&S after they've both gone up several hundred % in the last 10 years. By the way, I lived thru the G&S Mania of 1979-80, & subsequent crash. It was really nasty, & I learned a few investment lessons (the hard way). I've been told a # of times on diff. PM forums the last couple of years that the 1970's-80's Bubble & Crash have [B]Nothing[/B] to do with what's happening now, no relevance, & another crash & bear mkt in G&S [I]can't happen again.......[/I] An asset class that [I]can't[/I] crash or go into a Bear Mkt after such a huge rise......???[/QUOTE]
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what signals the end of the bull market right before it crashes?
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