Monday, June 1, 2009
The Gold Report: John, you have said that you believe gold may go up to $1,300 to $1,400, but probably not higher. Can you give our readers an overview of how you achieved those targets? (more)
There is a chart, very familiar to many, showing the housing bubble, which shows the median house price since 1970, using Case-Schiller national index since 1987 and U.S. Census data 1970-86.
The median house price, nationally, has come down significantly from the top of the bubble, but is still above the long-term trend line support. It can be argued that houses are still overpriced.