Who Says Gold Is in a Bubble?

Many “experts” remain skeptical about the performance of gold bullion and often contend gold is in a bubble. The chart below, courtesy of Casey’s Daily Dispatch, casts some light on whether the barbarous relic is displaying bubble characteristics. You be the judge …

Click to enlarge:

Source: Casey’s Daily Dispatch, June 23, 2010.

Meanwhile, from across the pond, David Fuller (Fullermoney) commented as follows:

… my guess is that we may be no more than approximately halfway through gold bullion’s secular bull market. I remain somewhat cautious about gold’s short-term outlook but I am a long-term bull.

Stick around – there is no fever like gold fever!