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Gold/Mining/Energy : Precious and Base Metal Investing

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To: russwinter who wrote (31693)10/20/2004 11:56:52 PM
From: LLCF  Read Replies (1) of 39344
 
<<These “black box” computer systems have no concern about the fundamental supply/demand considerations at all; they carry no concern about news events or governmental statistics, all they look at IS THE PRICE. And since it seems most trade quite similarly, and with billions of dollars behind them, many of the price movements seen in the market are just self-fulfilling prophecies.>>

Interesting how things are always true in so many more ways than one... like general laws of nature that repeat themselves. In this case the exact same thing goes on in the macro level as the trading level, where the population as a whole has given up rationality for the 'equities for the long run [regardelss of price or situation]' mantra rules.

DAK
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