Liquidity inflow fuelled speculative demand.

资金流入刺激投机性需求。

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Therefore, the real "bubble" is part of the short-term speculative demand and the cameras act transformed mixed demand led to speculative demand.

所以，真正的“泡沫”是由短期的投机需求和一部分相机行事的混合需求转化而成的投机需求导致的。

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Based on the demand - supply theory, the paper explains the effect of speculative demand on housing price and the formation mechanism of price bubbles.

本文利用住宅市场的供求关系理论，解释了投机需求对住宅市场价格的影响以及价格泡沫的形成机制。

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But underpinning the weight of speculative demand, meantime, expect to see a small but growing chunk of private savings moving cash into silver.

FORBES: Silver Soars As Speculators Dive Into The Devil's Metal

The London-based World Gold Council released its third quarter report on gold demand Wednesday, and it reveals that the yellow metal is not at historical peaks on investor speculative demand alone.

FORBES: Non-Speculative Gold Demand Will Increase in 2010

JPMorgan said in a research report that they expect the government to maintain property tightening measures for the rest of the year to prevent house prices from bouncing back and clamp down on speculative demand in the housing market.

FORBES: China Housing Prices May Have Bottomed Out