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Gold/Mining/Energy : Gold & Gold Stock Analysis

GLD 408.23

+2.3%

Dec 22 4:00 PM EST

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From: Tommaso	1/18/2013 1:06:35 PM
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My own belief, which I have no way to document, is that it is not central banks or government agencies anywhere that keep a lid on gold prices. I think it is speculators who think they have identified a bubble comparable to dot.com and housing bubbles, and who are betting against it in various ways. There's plenty of money available at low interest rates to hold such positions. When interest rates start rising, it will become more expensive and risky to hold such positions. There could be a huge short squeeze. This could happen without there being any truth in conspiracy theories about missing gold, leased gold, or any kind of illegal misrepresentation about gold. I have now joined the inveterate gold bugs who believe there could be a huge upward spike any time. There is too much complacency about all sorts of things.

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