Mises on the end of a bubble

“There is no means of avoiding the final collapse of a boom brought about by credit expansion.  The alternative is only whether the crisis should come sooner as a result of the voluntary abandonment of further credit expansion, or later as the final and total catastrophe of the currency system involved.”

Clearly, the rally in the Stock Market and the Dollar is created by the credit expansion. The mechanism is not always clear, especially with the Dollar, but the economic troubles of Europe and credit expansion in Europe is related to the Dollar's sudden rise.

It is estimated that large-scale gold production will cease in about 20 years. Smaller PM miners are being forced out by the artificially low prices. I am getting tired of hearing that gold prices are about to go up then see sideways action and drops.