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Strategies & Market Trends : ahhaha's ahs
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To: Bull RidaH who wrote (3438)11/6/2001 12:28:01 PM
From: ahhahaRead Replies (2) of 24758
 
The tradition is captured by demand for loanable funds earmarked more for speculation in inflating assets than for investment in activities increasing output. So the tradition isn't being honored currently.

Gold has little or no store of value characteristic in this era. It's value is almost exclusively commodity. The store of value appreciation has to wait for other conditions to be put in place. They may not be, but that's irrelevant to why the gold stocks are rising.

The gold stocks are appreciating because of rising expectations for future value. Persistent selling goes on in all of them but they float up anyway. This is the nature of a value led bull market, and it's an out of hand refutation of the claim that buying and selling control price. Price is determined by expectations for future value alone, not by supply and demand whose only function is to discover what value is by random fluctuation.
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