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<p>[QUOTE=&quot;Juan Blanco, post: 1605928, member: 41665&quot;]<u>Take-aways:</u> </p><p>-No &quot;Gold Bubble&quot; here, <i>after 3 years of FALLING RETAIL DEMAND</i></p><p><i></i>-Presume FALLING DEMAND for &#039;numismatic bullion&#039; also (w/weakening premiums, better deals ahead, poorer resale value in 2013, etc.) </p><p>-US Dealers negative on bullion-coin Gold market (AGE/ASE mkt trend: bleak) </p><p>-Silver bullion-coin demand fell <i>sharply</i>, first time since 2007 </p><p><br /></p><p><a href="http://online.wsj.com/article/SB10001424127887323874204578219421777432536.html" target="_blank" class="externalLink ProxyLink" data-proxy-href="http://online.wsj.com/article/SB10001424127887323874204578219421777432536.html" rel="nofollow">http://online.wsj.com/article/SB10001424127887323874204578219421777432536.html</a></p><p><br /></p><p>So much for using &#039;Joe Sixpack&#039;/shoeshine boys as a metric for an imaginary Gold/PM Bubble. </p><p><br /></p><p>In light of US analysts &amp; fund managers BULLISH targets for Gold in 2013, US retail physical is out-of-step with (or wholly unrepresentative of) rising demand for investment Gold. </p><p><br /></p><p>Watch MENA, watch Asia instead.[/QUOTE]</p><p><br /></p>

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