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<p>[QUOTE=&quot;desertgem, post: 1527912, member: 15199&quot;]Pump by whom? It doesn&#039;t make sense for someone to run it up ( using funds) only to sell it. That assumes everyone else will fall into the trend and that is dangerous. I would discount this.</p><p><br /></p><p>&nbsp; </p><p><br /></p><p>Quite possible. If you have access to financial charts, throw up the spot gold, spot silver and the EUR/USD, and if you can&#039;t see a direct relationship, my next comment won&#039;t make much sense. Right now the USD is determined more by external events ( as you mentioned) as well as the inverse relationship of the EUR ( How things are financially going in Europe). Currently, since gold and silver are internationally priced in USD, a decrease in its strength compared to the rest of the world ( mainly Euro-nations) increases price of the metals and visa versa. The USD strength is affected by world events (Politics of all sorts), world financial strength ( especially so the ones that are in the basket of world currencies). etc.</p><p><br /></p><p>PM do not drive the USD currently, the EUR/USD ratio is driving the price of PM. </p><p>&nbsp;</p><p><br /></p><p>&nbsp;</p><p><br /></p><p>Quite possible and reasonable.&nbsp; But one can tell if PM are increasing due to their own, when they move UP contradictory to the&nbsp; EUR/USD ratio or independently. But I have only seen that one day in the last couple of weeks. Likewise a reverse would pend bad for PMs. Bullion bulls blogs like to believe the PM are independent of such and have some intrinsic &quot;value&quot; they are moving towards.</p><p><br /></p><p>IMO.</p><p><br /></p><p>Jim[/QUOTE]</p><p><br /></p>

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