The market remains fund-driven. No one wants to go short while consumers buy in dips and producers are reluctant to sell, hoping for yet higher prices.

We're seeing investors buy on the dips but, in the short term, we have to be cautious. There's no real good news and there's nothing really to send this market forward so we have to be cautious.

The TV market is huge as consumers often buy a new and more stylish TV before the old one has died. But who has ever bought a second or third washing machine?

Speculators and investors have the precious metals market in their tight grip and are just forcing prices higher.

However, the market may be prone to wide trading ranges and choppy price movements while current consolidation continues, with more liquidation possible in the absence of upside momentum.

Everybody is jumping on organic. It's a niche market. Only 2 to 3 percent of consumers buy organic.