Hedge funds offers to price in gold http://www.ft.com/cms/s/0/efe1a910-ed98-11dd-bd60-0000779fd2ac.html
"The move follows a surge in investor demand for small gold bars and coins held by individuals and gold-backed exchange-traded funds that are holding a record amount of bullion." --------------------------- Seems like the whole world is in the "buy gold" camp. Crowded trade?
The good thing about a bubble in gold is that it doesn't have many secondary impacts on the economy, unlike oil. So, buy up.
It's a manifestation of the "hysteria" in precious metals. It should make for a good long-term sell signal. We'll see.
as vince lombardi famously said winning isn't everything it is the only thing. my corollary is that timing isn't everything it is the only thing.