The Golden Bubble

Bubbles... we love bubbles. We have songs about bubbles... tiny bubbles, in the wine, makes me happy, makes me feel fine.... Kids love to blow soap bubbles. But the thing about bubbles is... they pop!

• dot-coms ... pop
  
• oil ... pop
• housing ... pop
• gold ...

Gold plummets as the dollar firms
By Ben Rooney, staff reporter

December 17, 2009: 3:22 PM ET

NEW YORK (CNNMoney.com) -- Gold prices plunged Thursday as the dollar surged against the euro amid concerns about the economic health of certain European nations.

February gold fell $28, or 2.5%, to settle at $1,107.40 an ounce after falling to a low of $1,098 an ounce earlier in the session. The retreat came two weeks after gold settled at an all-time high of $1,218.30 an ounce

...

In a research report out Thursday, analysts at Morgan Stanley raised their forecast for gold prices next year by 20% to $1,200 an ounce. The investment bank also raised the outlook for 2011, but reduced forecasts from 2013 onwards.

Is this beating a dead horse? Wait, that's another metaphor. But it may be beating the bushes for the last of the bubble customers.