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<p>[QUOTE=&quot;mikem2000, post: 2137298, member: 30574&quot;]What makes you believe Gold is &quot;down and out&quot; I prefer to think it was a heathy pullback from unsustainable highs.&nbsp; It is certainly not cheap at $1200/oz.&nbsp; Also what evidence do you have to support a contraction of supply and an increase of demand.</p><p>The World Gold Council reported a 4% decline in demand for 2014 vs 2013 AND supply was flat year over year.&nbsp; Sounds a bit like a recipe for further declines.&nbsp; </p><p>&nbsp;</p><p>&nbsp;</p><p><a href="http://www.gold.org/supply-and-demand/gold-demand-trends" target="_blank" class="externalLink ProxyLink" data-proxy-href="http://www.gold.org/supply-and-demand/gold-demand-trends" rel="nofollow">http://www.gold.org/supply-and-demand/gold-demand-trends</a>[/QUOTE]</p><p><br /></p>

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