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Comment: Call it the 'feeding-frenzy' phenomenon.

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SteveMT's picture

Call it the 'feeding-frenzy' phenomenon.

As with many commodities as the price goes up, it causes more people to jump on the buying bandwagon because they don't want to be left out, no matter how high the price increases. Likewise as the price decreases, more people sell because they also don't want to lose even more. Both of these buying-selling trends are with people not looking for long-term protection, IMO.

Have you ever seen the movie "Trading Places?"