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<p>[QUOTE="Morgan1878, post: 1174819, member: 17869"]I absolutely like the fact you've posted the "other side of the story". </p><p><br /></p><p>You make some excellent points. A similar phenomenon occurs in the oil market. In 2008, when the recession started, the price of oil/gasoline went down as a result of reduced global demand. No one complained.</p><p><br /></p><p>Fast forward to the present. Now that gasoline is over $4.00/gallon, suddenly you hear complaints about the oil companies and speculators manipulating the price of oil. Then politicians looking for votes chime in and the next thing you see is some CEO of an oil company being grilled by congress. Then, the President will make a speech about how America needs an energy policy.</p><p><br /></p><p>In the past 35 years, I've seen this cycle repeated many times. In that time, little real progress has been made towards a <i>meaningful</i> reliance on oil, foreign or otherwise.</p><p><br /></p><p>Why? The main reason is the general public. They say they want change, but they generally don't want to change.</p><p><br /></p><p>How does that relate to this thread? A leveraged investor using margin won't complain if his position is doing well. Once a market enters a free fall, then the words conspiracy and manipulation are used as reasons why the market fell. Blame anyone and anything except yourself...[/QUOTE]</p><p><br /></p>
[QUOTE="Morgan1878, post: 1174819, member: 17869"]I absolutely like the fact you've posted the "other side of the story". You make some excellent points. A similar phenomenon occurs in the oil market. In 2008, when the recession started, the price of oil/gasoline went down as a result of reduced global demand. No one complained. Fast forward to the present. Now that gasoline is over $4.00/gallon, suddenly you hear complaints about the oil companies and speculators manipulating the price of oil. Then politicians looking for votes chime in and the next thing you see is some CEO of an oil company being grilled by congress. Then, the President will make a speech about how America needs an energy policy. In the past 35 years, I've seen this cycle repeated many times. In that time, little real progress has been made towards a [I]meaningful[/I] reliance on oil, foreign or otherwise. Why? The main reason is the general public. They say they want change, but they generally don't want to change. How does that relate to this thread? A leveraged investor using margin won't complain if his position is doing well. Once a market enters a free fall, then the words conspiracy and manipulation are used as reasons why the market fell. Blame anyone and anything except yourself...[/QUOTE]
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Simple explanation for the recent PM fall
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