Did Gold, GLD Just Go Parabolic?
Commodities / Gold & Silver 2009 Dec 22, 2009 - 02:50 AM GMTBy: Andrew_Butter
Apparently one test for a bubble popping is when prices start to go parabolic.
Perhaps I’m simple-minded but the trajectory of GLD from 9th July to 3rd December 2009 looks suspiciously like a parabola to me:
The “best-fit” for those five months of data is a second order polynomial (a parabola).
Be interesting to see what happens next?
By Andrew Butter
Twenty years doing market analysis and valuations for investors in the Middle East, USA, and Europe; currently writing a book about BubbleOmics. Andrew Butter is managing partner of ABMC, an investment advisory firm, based in Dubai ( hbutter@eim.ae ), that he setup in 1999, and is has been involved advising on large scale real estate investments, mainly in Dubai.
© 2009 Copyright Andrew Butter- All Rights Reserved
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