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n/a
deleted
192 Posts |
 Posted - 01/06/2008 : 00:42:42
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I have for some time now trusted the London Metal Exchange qwotes on the price of Nickel.
Now, I come across infromation that makes me skeptical.
You must be logged in to see this link.
Please weigh in on your level of trust, your reasons for trusting, or not trusting.
Please take some time and think about it.
"I don't trust anybody."
is even more useless than,
"I trust everybody."
Such platitudes are not worth your time to type them out.
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The market can stay irrational longer than you can stay solvent.
John Maynard Keynes,
English economist (1883 - 1946)
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Ardent Listener
Administrator
USA
4841 Posts |
Posted - 01/06/2008 : 15:13:25
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I trust that the prices quoted represent what the buyers are willing to pay and what the sellers are willing to sell for. That is not to say there are not forces that are trying to control the market either to inflate prices higher than they should be or to hold prices down.
That's why I don't hold a lot of faith in people who use the Hunt silver run-up of 1979/1980 as an example to peg where the price of silver should be today. Do I think the same type of manipulation happen with the nickel price spike? It could be to a degree. When speculators jump into buying a hot commodity a bubble will form. Holding back the supply is one way to get the price up and get the ball rolling. Inflating how much supply that is currently on hand is one way to hold prices down, by discouraging speculators or if you perfer, investors. Gee, I wonder if China has a vested interest in keeping the price of nickel down? |
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Think positive. |
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NiBullionCu
Penny Pincher Member
USA
168 Posts |
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NICKEL
Forum Locked
