Gold and silver were certainly benefiting from speculative money and that was never going to be sustainable.
More Quotes from Andrew Harrington:
The push is on for commodities and that's being led by strong demand, but the trick is in picking the end of the cycle.Andrew Harrington
Prices have been rarely, if ever, this high. Now is the time to make hay.
Andrew Harrington
The fundamental picture for commodities points to continuing strong demand from consumers.
Andrew Harrington
The cost of producing more from mines and processing plants needs to be weighed in terms of costs when boosting production, but no mining company in its right mind would be holding back if it didn't have to.
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People are already worried about supplies for the driving season, even this early on. There's going to be a price reaction if there are any signs of shortages.
Andrew Harrington
If you've got declining gas supply and people start burning more oil, then that's one thing, and then you've also got limited supply from Iraq. Suddenly there's a bit of supply news, and a bit of demand news, and it's the combination of those two that's pushing prices up.
Andrew Harrington
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