All the TV and Radio ads pushing metals are reaching record numbers This is an early indicator of a bubble. Same thing happened with the housing bubble, remember all those TV and Radio ads/shows regarding house flipping and the subsequent bubble.
What I notice is that the same people saying that gold is in a bubble now are the ones who were telling people to stay away from gold when it was at $300. Let's face it, the vast majority of people in the financial community regard gold as a quaint anachronism, if not a barbaric relic. For as long as that remains true we won't be in a bubble. Gold is volatile, and I can't tell you where it will be next week or next month. I won't be surprised to see a run down to $900 before there's another solid uptrend. But for as long as the value of our currency is determined by politicians and their banker enablers, I am confidant I'll never see $500 gold again.
Well, three weeks later and it sure as heck looks like it's consolidating. Meanwhile, gold is back above $1200.
http://en.wikipedia.org/wiki/File:GermanyHyperChart.jpg The above is the endgame. When it happens years, decades, etc is hard to predict.