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Gold hit another record high

Gold at $1269.

(click to enlarge)

What’s behind recent move?

Why is Gold investor’s darling in current environment? ABC News reports:

My yardstick to judge whether gold is in asset bubble:
1) when everybody is buying, even your trash collector neighbor;
2) when everybody tells you, “This time is different”.

We are nowhere near that point. Not yet.

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