by Gary Christianson, Miles Franklin:
For the week ending September 11, 2020:
- Gold rose $13 to $1939.
- Silver rose $0.14 to $26.86.
- Tesla stock fell $45 to $372, down 26% since early last week.
Bubbles are a fact of life. They occur, like hurricanes, when conditions are right. Like hurricanes, they can be deadly. In the financial world, for a bubble to expand, we need a great story, an excess of credit, mass appeal, and suspension of critical thinking while individuals embrace greed and fear.