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Message:: [QUOTE="SilverSurfer, post: 862054, member: 21603"]And more contrarian news.                    The Financial  Times  picked up on yesterday’s slew of GFMS-produced annual gold market   statistics and found that the London-based consultancy believes that  “the current price of gold is  unsustainable in the long  term and prices will have to fall to  stimulate demand in the jewellery sector.”                                       This,  as “demand from investors for the yellow  metal soared last  year, overtaking jewellery demand for the first time  since 1980, GFMS said on  Wednesday in <a href="http://www.gfms.co.uk/publications_gold_survey.htm" target="_blank" class="externalLink ProxyLink" data-proxy-href="http://www.gfms.co.uk/publications_gold_survey.htm" rel="nofollow">its annual report on the  gold market</a>.” It is difficult to argue that  prices could be sustainable” in the long  term, he said. “This is a  market that has moved out of kilter with its  underlying fundamentals.” argued GFMS in its report.                                       Global jewellery  production sank  19.8% to a 21-year low last year, and GFMS opined that “prices would need to fall below $900  to revive the  fortunes of the jewellery market. At $700 to $800, you’d  see really good demand  from places like India.” Source, Jon Nadler, Kitco news.[/QUOTE]