It used to be primarily a bubble (nearly purely the product of speculation and grannies getting in on the action, a la Bre-X). Now it is primarily supply and demand.
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The whole problem with the world is that fools and fanatics are always so certain of themselves, and wiser people so full of doubts. (Bertrand Russell). Sweet Loretta fart thought she was a cleaner, but she was a frying pan. (John Lennon)
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