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<p>[QUOTE=&quot;gxseries, post: 508390, member: 4373&quot;]Cloud, that&#039;s exactly what I wanted to deliver and thank you for your excellent points. Rono, thank you for your post as well - well written.</p><p><br /></p><p>There were too much fear that oil was running out and there was an unwarranted speculation that drove oil prices to prices that are ridiculously high. Even major banks predicted that it had to go to 200USD/barrel - oh yes, that would have been at least 5 dollars/gallon in your gas station. It doesn&#039;t matter whether oil is a scarce resource that people had to fight over it with wars or whatever - if prices are too high, people can&#039;t afford it unless they start stealing (which the law will take over). It does not matter as people found out that it is NOT an essential commodity that they really need - if prices get too high, you just change your lifestyle. Big deal.</p><p><br /></p><p>The same cannot be ignored with the gold prices at the moment. It does not matter how high the price gets, eventually there will be a point in the demand curve against the supply curve where it hits just so high, prices will either have to fall or collapse and get corrected. Oil prices, platinum, rhodium, etc have just shown perfect examples. </p><p><br /></p><p>It is extremely alarming and disturbing for people to be bias and have a wishful thinking that gold has to go higher without any analysis on what factors can possibly bring prices down. To complete ignore about negative factors just show their ignorance and incompetence - wait till you hear people blogging about how much money they lost on metal commodities. Not a pretty scene.[/QUOTE]</p><p><br /></p>

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