Bill Bonner writes that gold is not in a bubble market.  It's in a bear market.  It will turn into a bubble market later.

The US dollar fell sharply against the euro on a sudden improvement in Euro Zone sovereign debt markets, but a sharp late-week reversal suggests dollar bulls have not yet given up the fight.

The euro surged this past week -- fully recovering the substantial losses of the opening week of the year.

The British pound rallied to a fresh monthly high, and the exchange rate may continue to push higher over the near-term as investors speculate the Bank of England to start normalizing monetary policy later this year.

The Japanese yen was flat on the week against the dollar but saw sharp declines against the euro and pound.

The advance in the loonie marks the four successive week that the currency rallied against the greenback.

When people are creating wealth, they have little reason to get mad at one another.

The rally in the EUR/USD is the strongest in nearly three months and has led many people to believe that the downtrend in the EUR/USD is finally over.

A free society is also generally a wealth creating society. People do what they want. If they want wealth, they are free to create it.

In the world of money, the fewer ideas you have the better.  Ideas are usually wrong.