Exactamundo...the only ones who want people to think this is a bubble are those for whom gold/silver is the enemy...of their fiat funny munny that is. And they use their Ministry of Truth, ie, the bought and sold mainstream media, including the media that supposedly covers the PMs, to spout that all over the place.
Even some within the ranks of what would be called "goldbugs" or supporters of sound currency look only at the technicals and call the PMs overbought, when the fact is that they are immensely and criminally oversold, or put another way, 100s and maybe 1000s times the amount of actual physical silver (>gold) available has been sold that is actually simply PAPER silver (and gold)...ie, it just doesn't exist.
It'd be like having TLR selling @.01...then running up to $.09, and TA would say it's technically overbought. But then one looks at the short position and it is 4.8 BILLION shares. Ok, so maybe by TA it's overbought, but in reality it's simply criminally naked shorted and shareprice is nowhere near where it should be. The difference between TLR shares and silver, though, is that noone needs TLR shares for anything (other than to own a piece of the company), whereas silver is needed in a whole gamut of industrial and other needs for and in which it is consumed and also is itself real money currency that is hoarded for its value, and therefore is in constant and ever increasing demand.
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