Bubbles

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Gold is up almost 400% from its 1999 low, causing many to believe it is reaching bubble status. While I agree any asset can reach bubble status, gold's parabolic move is still ahead of us, in my opinion. Gold was up almost 2,000% between 1971 - 1980 during its last bull market. Similarly, NASDAQ stocks, driven by the internet mania, also increased over 1,000% between 1983 and its 2000 high.

http://www.mineweb.co.za/mineweb/view/mineweb/en/page103855?oid=106818&sn=Detail&pid=102055

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Disclosure: long gold, and long gold mining shares.