A good explanation of fiat currencies and commodities can be found here:
http://www.zerohedge.com/news/2016-06-16/gold-price-usd-65000oz-5-years
It explains how gold price is irrelevant. However it is important to note that market traders are not rational. Markets are not rational and markets are not about stocks (Including commodities)
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Last
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Mkt cap ! $13.98M |
Open | High | Low | Value | Volume |
1.1¢ | 1.1¢ | 1.0¢ | $10.75K | 1.071M |
Buyers (Bids)
No. | Vol. | Price($) |
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Price($) | Vol. | No. |
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25 | 37467126 | 0.008 |
17 | 13930856 | 0.007 |
5 | 4230000 | 0.006 |
6 | 3650001 | 0.005 |
Price($) | Vol. | No. |
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0.011 | 9988447 | 20 |
0.012 | 5008285 | 16 |
0.013 | 2749659 | 12 |
0.014 | 4765803 | 15 |
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