Quote:
Originally Posted by glchen
Peter, to me this is like a country trying to prop up its currency against hedge funds. You can keep buying and buying, but sooner or later, someone is going to blink. Usually the country. As long as the market is legitimate, it's all good to me.
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Respectfully, that is a circular argument, assuming its conclusion that the market is legitimate. I say that if this is how prices are determined, it's not.