Lee Adler

I’ve been publishing The Wall Street Examiner and its predecessor since October 2000. I also provide analysis and charts for David Stockman's Contra Corner which I developed for Mr. Stockman. I’ve had a wide variety of finance related jobs in the past 44 years, including a stint on Wall Street in both analytical and sales capacities. Prior to starting the Wall Street Examiner I worked as a commercial real estate appraiser in Florida for 15 years. I also worked in the residential mortgage and real estate businesses in parts of the 1970s and 80s. I have been charting stocks and markets and doing analytical work since I was a teenager. My perspective is not of the Ivory Tower. It is from having my boots on the ground and in the trenches of the industries that I analyze and write about today.

This Gold Bubble Has A Disturbing Secret Message for You

Today, I’m doing something a bit unusual.

Instead of our usual LAMPP update, I’d like to take a different tack…and show you a historical picture lesson that should scare the stuffing out of you.

Recently I’ve been thinking about the similarities between the current stock market environment and a few of the bubbles that I have experienced in a lifetime of following markets. While those similarities are scary, they prove nothing. Just because 2 different periods in different markets look alike doesn’t mean that their denouements will be the same. 

By the same token, to ignore the similarities and the warnings they represent would be foolhardy. So today I am showing you the pictures of several modern bubbles, starting with a recent and disturbing one in gold.

Maybe that’s not enough to scare the bejabbers out of us, nor perhaps should it be, because there may still be time to watch and take action deliberately. If you have been following my recommendation to gradually liquidate your stock holdings and raise cash over the past four months, and the current 3 months if you started late, then you’re in good shape to ride out the storm that I expect. 

But the message in these charts is that maybe there isn’t as much time as we think.

Here’s the gold bubble – and several others – that tell you what you need to know

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