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Did Gold Just Go Parabolic?

 

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?

No Positions

 


Disclosure: "No Positions"