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So gold is in a bubble, eh? How many times are we going to read this statement in the mainstream media? And as many times as we ask this question, we point out that the same media never state that stock or bond markets are in a bubble. It is taken for granted that when the stock market moves up in aggregate it is because of a "recovery" and that fundamentals are "good" and are "lifting all boats." When large numbers of government bonds are being disposed of without effort, this is seen as a sign