If one looks at the gold price in euros there is no price increase. This price movement is just a matter of dollar weakness, not gold strength imho. This happens all the time, there is the gaming of pm pricing using dollars and euro movements. It looks like there is a price movement but in fact it is either dollar strength or dollar weakness. This is deliberate so as to continuously frustrate the pm purchasers
too much rise too quickly
Encourages short term investors
If you hopped in a month ago cashing out with double your money may look pretty good....
when the price starts to drop because of people cashing out others get worried that it will keep dropping and it drives the price down further as more short termers who lack confidence bounce.
Another idea - Jim Rogers thinks agriculture especially wheat will be big. Futures were originally in Chicago for commodities. Any views?
Butter is also expensive in UK and the dairy farmers have been in crisis although Arla has braved it
If one looks at the gold price in euros there is no price increase. This price movement is just a matter of dollar weakness, not gold strength imho. This happens all the time, there is the gaming of pm pricing using dollars and euro movements. It looks like there is a price movement but in fact it is either dollar strength or dollar weakness. This is deliberate so as to continuously frustrate the pm purchasers
too much rise too quickly
Encourages short term investors
If you hopped in a month ago cashing out with double your money may look pretty good....
when the price starts to drop because of people cashing out others get worried that it will keep dropping and it drives the price down further as more short termers who lack confidence bounce.
Another idea - Jim Rogers thinks agriculture especially wheat will be big. Futures were originally in Chicago for commodities. Any views?
Butter is also expensive in UK and the dairy farmers have been in crisis although Arla has braved it