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Indeed, all this proposal really does is fix the price of a particular commodity quoted in a particular currency.
FORBES: Connect
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Analysts have been suggesting for years that certain commodity prices, gold in particular, have risen too high and are due for a pullback.
FORBES: What To Make Of The Dramatic Drop In Gold Prices
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The stock and commodity markets rallied Tuesday on notions this particular matter of uncertainty will be resolved very soon.
FORBES: P.M. Kitco Metals Roundup: Gold Sharply Higher on Heavy Short Covering, Bargain Hunting ahead of U.S. Election Results
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In particular, traders will look for the market (stock, commodity, ETF, etc.) to reverse from the lows.
FORBES: A Chart Formation the Pros Love
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They use a forecasting model that relies, in particular, on the close historical relationship between company profits and two variables, total corporate investment in equipment and the commodity-price index published by The Economist.
ECONOMIST: American shares