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<p>[QUOTE=&quot;GDJMSP, post: 1384247, member: 112&quot;]Other than what&#039;s been suggested I can&#039;t really think of any books specific to the subject. But there are countless articles about it that have been published in the various coin mags over the years. I once had a stack of Coin World and another stack of Numismatic News, both over 6 ft tall - and I&#039;m talking just the magazines, no book case no anything, just the mags stacked that high on the floor. You&#039;d be amazed at what differences and changes you can see when start comparing articles and information from a resource like that. And that&#039;s only about 10 years worth.</p><p><br /></p><p>Some basic information that I have able to gather from studying the coin market for many years. The coin market is like any other market, it runs in cycles. It always has and it always will. No matter what there are going to be ups and there are going to be downs. As a general rule bull markets tend to last 3-5 years. Bear markets tend to last 8-10 years. The causes for each can seem to be widely varied, but in a nutshell it&#039;s pretty well always the same kind of thing - <u>money looking for a place to go</u>. In other words when the luster rubs off of one particular thing and people begin to worry about losing money they have invested in that thing, they look for something else to put their money into. Whenever that happens, coins are always going to get a certain portion of that money, or lose a certain portion of that money. And people have a herd mentality. When they see others moving in they&#039;ll move in right along with them. When they see others moving out they&#039;ll move out as well.</p><p><br /></p><p>That is because movement into or out of any investment is based on fear. Fear that you will miss out on a chance to make money, or fear that you will lose money if you don&#039;t get out. People always assume that somebody knows something that they don&#039;t, that&#039;s why they follow. It doesn&#039;t matter what the direction is, they&#039;ll just follow. That is human nature and it cannot be changed. Fear is the most powerful of all emotions and people will always react to it, they can&#039;t help themselves.</p><p><br /></p><p>Of course those directions are always greatly influenced by what is seen and heard in the media. And it has always seemed to me that the media will write and talk anything, when they have run out of something else to write and talk about. It is the job of media to get you to listen or to read. And you can only talk about 1 thing for so long before people get bored with it and want to hear and read about something else.</p><p><br /></p><p>So what causes the ups and downs in the coin market ? We do, it&#039;s just that simple. And that&#039;s precisely why it will never change.[/QUOTE]</p><p><br /></p>

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