SI
SI
discoversearch

We've detected that you're using an ad content blocking browser plug-in or feature. Ads provide a critical source of revenue to the continued operation of Silicon Investor.  We ask that you disable ad blocking while on Silicon Investor in the best interests of our community.  If you are not using an ad blocker but are still receiving this message, make sure your browser's tracking protection is set to the 'standard' level.
Strategies & Market Trends : 2026 TeoTwawKi ... 2032 Darkest Interregnum
GLD 414.48+0.7%4:00 PM EST

 Public ReplyPrvt ReplyMark as Last ReadFilePrevious 10Next 10PreviousNext  
To: energyplay who wrote (54296)8/31/2009 9:43:05 AM
From: RJA_  Read Replies (2) of 219167
 
>>So maybe the shorts are counting on the small miners, and maybe people selling gold to pay the mortgage.

People selling gold to pay the mortgage are not significant according to a member of the local gold mining club. It is a hobby that if you are lucky barely pays for itself according to her. Of course, depends on your spot and your equipment, but still, I think, not material.

Statistics from World Gold Council indicate supply is modestly up in 2nd qtr (latest numbers) and demand is modestly down.

Click the link below for that information, or go to the World Gold Council site.

Re below link, for detailed view you should be able to download file.

docs.google.com
Report TOU ViolationShare This Post
 Public ReplyPrvt ReplyMark as Last ReadFilePrevious 10Next 10PreviousNext