Archived articleThis is an archived article from 2009 - please note that any content within the article may be out of date.
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 2008 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?
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