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11/25/08 9:44 AM

#9044 RE: 4Godnwv #9042

You can't eat gold and silver.
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11/25/08 9:53 AM

#9047 RE: 4Godnwv #9042

Since goldbugs like conspiracy theories, here's mine, and why I'm so negative on gold:

It's simple supply and demand.

Dealers got dumped on a whole load of physical when gold got to $1000 from granny's jewelry box.

Now the spreads are wider and the hype is growing because they have a boatload of inventory to dump that they can only profit on if physical trades at prices higher than the market.

It's all hype at the moment, not realistic pricing.

The real money in commodities is softs over the next year, imo.