All aside from what the investors are doing and aware what’s going on with the charts and can take it or leave it depending if they’re earning money off their investment or can earn more somewhere else although seems more fun when it gets closer to if its buying time or not, probably more fun than when it actually moves because your now in and have to watch it closer than any other sector.
There’s another factor that investors don’t seem to be looking at and that’s the producers. The miners themselves. I wonder what they’re thinking with this price drop.
Whether it is growing a crop of tomatoes or the work and risk of pulling metals from under the ground while abiding to environmental safeguards.
Wouldn’t you think it’s rather strange if there was a shortage of tomatoes vs demand and the demand was growing all the time but the institutions that bought vast quantities that needed it to make their dishes theyre profiting on want to pay you less and less for your limited supply of tomatoes and all your hard work while they’re making more and more when you could basically name your own price.
Even more so with metals since you can’t just grow more after that crop is sold.
Why arent the miners getting together on this and put their own bottom price in instead of letting the market or industrial buyers determine it?
Something’s just not right here.
Oil goes up not just by dollar value but by availability of the product but the price of metals can just drop and drop despite increasing demand and not just for the billion sellers.