Zeev's Turnips Patch-No Politics (ZEEV)

[Zeev Hed]

I Have not looked at the demand/supply picture in the last two months but the facts as of two months ago were summarized here: #msg-1150808, the demand for gold is in a long term declining trend (years) and the supply in a long term (years) increase trend, and the overhang of available gold above ground in the hand of the public dwarf any existing new demand. The only reason for gold to be in the $350/$375 is that the dollar went from $.80 to $1.18 to the Euro (or you may prefer the weighed dollar if you want).