Zeev's Turnips Patch-No Politics (ZEEV)

[Gizmo]

The problem with gold as I see it is all that supply sitting in the vaults at the central banks. It seems that as the POG rises more and more would come to market, depressing prices. Also, I wonder how much inventory the producers are hoarding to sell into better prices. The only hope I see for gold is if investment demand rises substantially. That would open a whole different can of worms. World economic conditions would need to be much worse than currently.

Gizmo