A golden bubble?

If gold simply goes ballistic, then it is a bubble. But if gold slow marches upward, in the presence of crumbling markets and debt crisis, then you know it is used for hedging. But the boundary between a hedge and a bubble can be indistinguishable after a while. That is when you need to sell because the last one in, will be the idiotic buyer. How do you tell when hedging is transforming into a bubble? Inshallah! You don't, but stay on in the party for a while. Balloons need to be inflated for a while before they burst.

"Experts" are saying USD2000 per oz will be reached by the end of the year. Well, at the rate that POG is marching up, that will be breached with a blink of the eye the moment another set of bad data pops up in Europe or USA.