Gold Bubble: Profiting From Gold's Impending Collapse

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Overview

Gold, with its timeless allure, has long been considered safe,secure, andtotally reliable—just like the housingmarket andthe dot-com industrywere . . . until they imploded. Now, gold toois forming a bubble, and in Gold Bubble: Profiting From Gold'sImpending Collapse, investment expert Yoni Jacobs presents aclearheaded, thoughtful, and sometimes terrifying case for itsinevitable burst, to help you prepare—and perhaps evenprofit—from what lies ahead.

Offering a rigorous account of...

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Overview

Gold, with its timeless allure, has long been considered safe,secure, andtotally reliable—just like the housingmarket andthe dot-com industrywere . . . until they imploded. Now, gold toois forming a bubble, and in Gold Bubble: Profiting From Gold'sImpending Collapse, investment expert Yoni Jacobs presents aclearheaded, thoughtful, and sometimes terrifying case for itsinevitable burst, to help you prepare—and perhaps evenprofit—from what lies ahead.

Offering a rigorous account of how and why gold has become sopopular and so dangerously overvalued, the book provides compellingevidence for a collapse and outlines how you can benefit from whatothers don't know. Part economic history and part financial guide,Gold Bubble looks back in time to explain how we got into thismess, expertly analyzes the stages of bubble growth, and detailsexactly where the gold market stands today and where it's headednext. Simply knowing that gold is in trouble doesn't mean much ifyou can't protect yourself and your money from the impending bubbleburst, and this book presents an innovative plan for puttingpredictions into practice. Outlining simple short-sellingstrategies, complex options strategies, alternative investmentideas, and more, the book uncovers and explains your opportunitiesto profit from gold's collapse.

Packed with charts and images that bring the case for a goldbubble to life in an accessible, highly visual way, the book haswide-reaching implications not just for the impending gold bust,but for identifying, monitoring, and beating future bubbles aswell. Rich in practical, actionable advice for weathering anyfinancial storm, Gold Bubble is a groundbreaking, contrarian, andtotally indispensable resource for investors, bankers, and anyoneconcerned with keeping their money safe or even profiting from anyspeculative investment bubble.

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Product Details

  • ISBN-13: 9781118239353
  • Publisher: Wiley
  • Publication date: 4/24/2012
  • Edition number: 1
  • Pages: 257
  • Product dimensions: 6.30 (w) x 9.10 (h) x 1.10 (d)

Meet the Author

Yoni Jacobs, CMT, is Executive Director and Chief Investment Strategist for Chart Prophet LLC, an investment management company that utilizes its Perspective Outlook to make investment decisions based on a comprehensive mix of technical, fundamental, and behavioral analysis. A contributing author and Opinion Leader for Seeking Alpha, Jacobs has appeared on the Business News Network (BNN), CNN, and ABC News, and has been featured or quoted in Reuters, the Globe and Mail, the Financial Post, CBS MoneyWatch, and many other media outlets.

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Table of Contents

Preface vii

Disclaimer xiii

CHAPTER 1 Why Gold? 1

Understanding Gold’s Surge 1

Why the ‘‘Gold Bugs’’ Are Wrong 4

CHAPTER 2 Bubble Enablers and Precipitating Factors 5

Removal of the Fixed Price for Gold in 1968 5

Poor Market Performance and Capital Diversion 6

Uncertainty 7

Currency Troubles 8

Emerging Market Growth and Demand 8

Hard to Value 9

Introduction of Gold ETFs 9

Former UK Prime Minister May Be Responsible for Gold Bubble9

Illusion of Safety 13

Conclusion 13

CHAPTER 3 Signs of a Gold Bubble 15

Parabolic Price Increases 15

Massive Publicity 21

Overspeculation 29

Extreme Expectations 45

Conclusion 56

CHAPTER 4 Gold Takes On . . . 59

Deflation 59

Is Gold a Safe Haven During Recessions? 60

Gold versus Various Asset Classes: Ratio Analysis 63

Conclusion 65

CHAPTER 5 Price Analysis and Forecasts 67

Gold Bubble Anatomy: Is a Parabolic Spike Coming? 67

Gold’s Place in History: Elliott Waves 70

Price Target for Gold Collapse 77

Fibonacci Time Relationships 79

Seasonality 81

Conclusion 83

CHAPTER 6 What Does Gold Depend On? 85

Herd Mentality in the Stock Market 86

Are We Headed for Another Great Depression? 88

Market Cycle Predicts Recession 97

The Dangers of ETFs 104

What about the Dollar? 117

Emerging Market Troubles 123

Middle East Upheaval 136

European Crisis 139

Conclusion 141

CHAPTER 7 Calling the Top: Signs of Reversal 143

Lagging Mining Stocks Signal Reversals in Gold and Silver Prices143

Bernanke and Buffett ‘‘Puzzled by GoldRally’’ 149

Dollar Strength and Market Weakness 150

Declining Momentum 151

Big Guys Selling: ‘‘Smart’’ Money Leadsthe Way 152

Is the Commodity Run-Up about to Reverse Course? 154

Has the Bubble Popped? 165

CHAPTER 8 Ways to Profit from the Collapse of the Gold Bubble167

Short Gold 167

Short Gold Miners 168

Options Strategies 168

Short Rare-Earths 169

Betting on History: A Gold-Platinum Pair Trade 170

Forget Gold, Buy Diamonds 171

Buy Stocks Instead 176

Buy Physical Property, or Invest in Housing Stocks? 177

Conclusion 186

CHAPTER 9 Other Investment Land Mines to Avoid 187

‘‘Cloud Nine’’ Computing: Sign of aRenewed Technology Bubble? 187

Betting against Facebook 193

Is IPO Mania Warning of a Tech Bubble 2.0? 206

Netflix: Setting Up for Disaster 213

Conclusion 231

Notes 235

About the Author 245

Index 247

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Sort by: Showing 1 Customer Reviews
  • Posted April 26, 2013

    Such an accurate prediction when everyone else was wrong. This w

    Such an accurate prediction when everyone else was wrong. This will go down as one of the greatest market/investment calls in history.

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