Quote:
Originally Posted by JudeChow
How will you know when we are at or near the top? Do you have indicators that you are looking for like the gold/silver ratio, gold/dowjones ratio, etc.?
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I think it will become very obvious as all bubbles are, that is, it's obvious to investors who understand bubbles.
When your neighbours/relatives/friends/mass media who know nothing about markets or said specific investment are blabbing about "must buys" and "so and so made so much money in this." That is when the bubble is in full swing and that is your signal to get prepared for high volatility. A good example is the current housing bubble in Vancouver. And of course, the sheeple still think that these prices are sustainable, this is the best time to sell.
In addition I have price targets for both silver and gold and when those levels are breached, I will start selling.
Lastly, I believe that the traditional gold/silver price ratio of 1:16 will be restored and the gold/dow may reach 1:1.