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<p>[QUOTE=&quot;GoldFinger1969, post: 25311068, member: 73489&quot;]<b><span style="color: #0000ff">There is now steady BUYING of gold from central banks, only the level changes. </span></b> A big change from the 1980&#039;s and 1990&#039;s when CB&#039;s were net sellers:</p><p><br /></p><p>[ATTACH=full]1616921[/ATTACH]</p><p><br /></p><p><b><span style="color: #ff0000">Low-hanging fruit is gone from world gold mines.</span></b>&nbsp; Supply is tough to expand.&nbsp; Takes YEARS to bring new gold supplies online:</p><p><br /></p><p>[ATTACH=full]1616922[/ATTACH]</p><p><br /></p><p>An earlier post in this thread showed how gold has lately moved up DESPITE net selling from (retail) ETFs.&nbsp; This shows that gold is in STRONG hands and institutional buying is picking up.&nbsp; ETF buyers can get in-and-out...if you actually hold the metal, you&#039;re not gonna sell next week or next month.&nbsp; </p><p><br /></p><p><b><span style="color: #0000ff">These are &quot;strong hands&quot; for gold: </span></b>long-term public demand and/or institutional buyers.</p><p><br /></p><p>[ATTACH=full]1616923[/ATTACH][/QUOTE]</p><p><br /></p>

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