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<p>[QUOTE="medoraman, post: 1909704, member: 26302"]Have you studied sir the COMEX stock levels? You say they are "nearly empty", yet there is still more there than historical. When there was a ton of action on the market, people brought stocks onto COMEX to back trading positions. Now that pm is no longer "hot" they have taken this metal out of the warehouses. PLease look at 30 or 40 years of COMEX stocks, and then compare this to today. I know a lot of commentators are using this as their latest "OMG the gold sky is falling", yet it is a half truth at best, outright manipulation of the facts at worst.</p><p><br /></p><p>China buying gold? Good for them. If they weren't the price would be falling pretty fast IMHO. They are a growing country, the are the biggest consumer of most commodities on earth. Their midle class is growing. I am sure someone in Europe was freaking out about all of the gold the US was buying 100 years ago, since back then WE were the new economic power "using up" commodity resources.[/QUOTE]</p><p><br /></p>
[QUOTE="medoraman, post: 1909704, member: 26302"]Have you studied sir the COMEX stock levels? You say they are "nearly empty", yet there is still more there than historical. When there was a ton of action on the market, people brought stocks onto COMEX to back trading positions. Now that pm is no longer "hot" they have taken this metal out of the warehouses. PLease look at 30 or 40 years of COMEX stocks, and then compare this to today. I know a lot of commentators are using this as their latest "OMG the gold sky is falling", yet it is a half truth at best, outright manipulation of the facts at worst. China buying gold? Good for them. If they weren't the price would be falling pretty fast IMHO. They are a growing country, the are the biggest consumer of most commodities on earth. Their midle class is growing. I am sure someone in Europe was freaking out about all of the gold the US was buying 100 years ago, since back then WE were the new economic power "using up" commodity resources.[/QUOTE]
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