called gold bubble (1); gold bubble straight (1).
The Money Game Fri 2010-03-19 12:23 EDT
The SEC's Rick Bookstaber can hardly watch as sheep-like investors chase the gold bubble straight off a cliff...
cliff; Gold bubble; Hedge funds; lure investor; Money game; pump; Rick Bookstaber.
zero hedge Tue 2010-01-05 19:26 EST
In a headline piece on roubini.com, Nouriel Roubini writes an extended article slamming both gold bugs, and the so-called gold bubble, which he believes is far too volatile, and which, contrary to ever increasing claims to the opposite, will likely not get to the mythical price of $2000/ounce, and instead will head lower. The argument presented, as is widely the case, boils down to the trifecta of i)gold having no industrial utility, ii) no intrinsic value (no associated cash flow streams) and iii) costing an arm and a leg to store. While Roubini's thesis is attractive on the surface (if somewhat Keynesian and thus often reiterated by mainstream Economists), we present some counter arguments to Roubini's thesis.
barbaric relic; gold; Recommends Spam; Roubini blast; Zero Hedge.
