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Strategies & Market Trends : Aardvark Adventures

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From: ~digs	10/13/2005 7:10:32 AM
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Big boys fighting over gold market? marketwatch.com Gold is a thin market that can be disproportionately affected by changes in the global pattern of one or a few players. Once a big player steps in, others often get the fever. And since the fair value of gold is not intuitively obvious, you don't get speculators selling into price increases. As a result, price increases tend to be self reinforcing, producing an accelerating upward pattern. Many of the world's oil exporters have a penchant for holding gold; if they only held 1% if their incremental wealth in gold, the incremental oil revenues flowing into these countries would raise the investment demand for gold by 25%.

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