Scoreboard: 5 Year Return Of Major Global Assets

The "bubble" in gold, silver and oil continues to grow, confounding the media, who has called the "bubble popping" in these markets every year for the past 12 years.  Ironically, when these commodities actually enter their bubble stage sometime this decade, the media will be their biggest cheerleader (and we will be selling).

For a reminder of the sentiment toward precious metals in December (two months ago) and the media's most recent call on the "bubble bursting" see: 

December 29, 2011: Precious Metals Fear & Panic

December 14, 2011: Precious Metals Liquidation