Message:

<p>[QUOTE=&quot;Cloudsweeper99, post: 747274, member: 3011&quot;]The first problem I see is the notion that supply is greater than [or less than] demand.&nbsp; Supply is always equal to demand in the gold market.&nbsp; I know the World Gold Council and other groups gather statistics, but I doubt their accuracy.&nbsp; The instant their numbers show a supply/demand imbalance, they are suspect.&nbsp; It also assumes that only new production plus sales from existing inventories is part of supply, when the reality is that all gold inventories are part of supply -- at some price.&nbsp; And to say speculators are driving up the price is really an admission that investment demand is soaring.&nbsp; Maybe this is the piece he is missing.&nbsp; How does he know they are &quot;speculators?&quot;&nbsp; Can he read their minds and motives?&nbsp; Nadler doesn&#039;t seem to understand the basics of a market he studies daily.&nbsp; The folks who read his analysis and follow his advice have missed one of the largest moves in the history of gold.&nbsp; What does that tell you?[/QUOTE]</p><p><br /></p>

Your name or email address:

Do you already have an account?

• No, create an account now.
• Yes, my password is:
• Forgot your password?

Stay logged in