Re: [PEN-L] gold and malaise

[Sandwichman]

The causation that I had in mind was not from commodity prices to financial markets but from foreign exchange imbalances, that are being "contained" by state intervention, to commodity prices and then back to financial markets.

On 5/11/06, C Ruiz <[EMAIL PROTECTED]> wrote:

In a message dated 5/11/2006 7:23:41 P.M.  Eastern Daylight Time,
[EMAIL PROTECTED] writes:
Perhaps I should restate  my question. I'm actually wondering to what extent
these substantial commodity  price movements might be foreshadowing dramatic
events in financial markets more  generally
Why this causation? I think it is the other way around: the  financial
markets have produced this substantial price movement in gold for the  sake of
speculative gains.That's what speculators do:  manipulate prices  and minds.
CS

--
Sandwichman