ZEEV; Could you please amplify some your statement that there is an oversupply of gold?
What do you base that on?
Any good references?
Gold bugs of course are always talking about the opposite; ie a huge uncovered short position. They talk of a conspiracy to keep the price down by short selling paper gold-gold which does not exist. If this were true, of course it will all come falling down like the proverbial house of cards.