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Lowden WA
The gold price, like the oil price is at the mercy of large hedge funds who can manipulate the price to their own advantage through trading gold futures without ever having to put up the physical gold to match their bet. The demand and supply equation can be thrown out the window now as we are at the mercy of traders who can by sheer volume of funds they have under their control affect the price of these commodities to their own advantage. So trying to make a case for whether or not these commodities will go up or down in the future is pointless.