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Re: techisbest post# 28915

Wednesday, 10/07/2009 1:02:40 PM

Wednesday, October 07, 2009 1:02:40 PM

Post# of 33447
This is not a statement that gold is in a bubble or going to a bubble. It is a statement about those who say the price is going to $Xxxx.

I still remember back in early 2000, when I read that many analysts were saying that Qualcomm was going to dominate the wireless space for years to come and the price was going to $1000, perhaps even $1500 (the price at the time was about $400). These were supposed to be smart guys who knew more than the average bear.

If anyone followed these geniouses, after almost 10 years they are still down 35% on their investment.

But I get the impression that this is predominantly a technical board and doesn't get caught in hype (near as much), but rather tries to play the hype. Ultimately it matters not what is a bubble. We all hope to find bubbles and ride them before they burst.

Just my daily rant. And I found some Goons trying to monitor my frequency yesterday. Tin foil hats are no match for their machinery they have today.

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