Almost certainly a bubble caused by speculators.
All markets are like this - driven by greed on the upside.
Don't worry, as soon as one speculator thinks the price will fall, he will sell. Other speculators will see he has sold and they will sell. Soon they will all try to sell, driving the price below where it started. Driven by fear on the downside.
If you want to play, the trick is to learn how to catch the falling knife.
All markets are like this - driven by greed on the upside.
Don't worry, as soon as one speculator thinks the price will fall, he will sell. Other speculators will see he has sold and they will sell. Soon they will all try to sell, driving the price below where it started. Driven by fear on the downside.
If you want to play, the trick is to learn how to catch the falling knife.