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Posted Using [LeoFinance <sup>Beta</sup>](https://leofinance.io/@tibaire/re-erikah-5sss7g)" |
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| author | friendlymoose |
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| permlink | fff-the-spice-that-is-even-more-expensive-than-gold |
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| title | "[FFF] The spice that is even more expensive than gold" |
|---|
| body | "
In these blogs I write about Funny Facts that have something to do with Finance.
Today it’s about the spice that is even more expensive than gold.
# Disclaimer
I've used several sources of information for this blog. Prices of the products have changed since since the articles were published. But anyway, whether it is true or not; it is the most expensive spice spice by weight.
# Saffron
The spice I'm talking about is Saffron. Saffron is used as a seasoning and colouring agent in food.
For a gram of Saffron you have to pay between 4 or 5 euro (5 to 6 US Dollar)!
But why is this spice so ridiculously expensive?
Saffron is derived from a flower; the Saffron Crocus. These flowers grow little red stems as seen on the picture below.
All these stems are picked by hand which is enormously labour intensive. After picking the stems can be dried. The labour intensiveness and the low weight of the stems after drying makes this the most expensive spice by weight; close to the value of gold!
Most saffron is produced in Iran which produces over 90% of the 250 tons produced worldwide each year.
<br>
<br>
#### Sources:
https://en.wikipedia.org/wiki/Saffron
https://edition.cnn.com/2015/06/03/middleeast/iran-saffron-red-gold/index.html
https://recipes.howstuffworks.com/food-facts/saffron.htm
https://saffronir.com/saffron-price/
#### Image sources:
https://pixabay.com/photos/saffron-bottle-small-spice-red-3302749/
https://pixabay.com/photos/saffron-flower-nature-lilac-purple-1136778/
Posted Using [LeoFinance <sup>Beta</sup>](https://leofinance.io/hive-167922/@friendlymoose/fff-the-spice-that-is-even-more-expensive-than-gold)" |
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| parent_permlink | forex |
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| author | forexanalytics |
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| permlink | news-atolz8bi53k-y5rhbu45c5p |
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| title | "EURUSD: Pokes Above September High" |
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| body | "The EUR/USD Forex market on the daily chart has poked above the Sept. 10 high each of the past three days. The bulls want a breakout and then a test of the Sept. 1 high. That is the top of a four-month trading range and the highest price in two years.
EUR/USD Daily Chart. https://d1-invdn-com.akamaized.net/content/pic07055f701c3643928bb00eb30d1f2e5f.png EUR/USD Daily Chart.
Throughout November, the bulls have been trying to get a close above the Sept. 10 high. At the moment, the EUR/USD is just above that high. If today can close above that high, traders will expect higher prices next week. The next resistance is the Sept. 1 high.
If a market repeatedly tries to do something but fails, it usually then tries to do the opposite. If there is suddenly a big bear bar closing on its low within the next week, traders will conclude that the bulls are selling out of their longs and giving up. That should probably lead to a test of support at the Nov. 4 low.
OVERNIGHT EUR/USD FOREX TRADING
The 5-minute chart of the EUR/USD Forex market has been in a 15-pip range for the past eight hours. Day traders are having a difficult time making even a 10-pip scalp.
But what is important today is that the overnight trading range is just above the Sept. 10 high. The bulls will be happy having the range last until the close. If it does, the EUR/USD will have closed above that top of the three-month trading range for the first time.
Also, on the weekly chart, this week will be an outside up bar closing on its high. Both of these charts will probably trade higher next week. Traders will expect a test of the Sept. 1 high within a couple weeks.
Since today is at a critical price, there is an increased chance of a surprisingly big day in either direction. But with many U.S. traders and institutions not trading today, the day will probably remain small. The focus will be the close. Can the bulls finally get a close above the Sept. 10 high?
<center>[Original Post](https://www.investing.com/analysis/eurusd-pokes-above-september-high-200546080)</center>" |
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