GOLD (Au) PRODUCERS

[RonnieD]

I don't know.. the increase in supply is nothing new, yes it's much larger however with the economy in bad shape I don't see inflation coming anytime soon. All the new money supply injected is actrually replacing lost money that for all intensive purposes dissapeared.
I think gold may be entering a short term bear market here with significant downside potential.
10 years ago gold was in the 200s. I don't think a 100/200 pt drop is out of the question from here.
There are many other assets underpriced which gold is competing with as a value play also, assets which are not currency.