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To: pater tenebrarum who wrote (110851)6/30/2001 11:37:46 AM
From: craig crawford  Read Replies (1) | Respond to of 436258
 
>> i agree on that point - investment demand or the lack thereof IS the primary driver of gold prices. however, it is also true that the gold lending has artificially increased supply, and thus it is part of the supply/demand equation and as such can't be ignored. <<

all short selling artificially increases supply. most all markets are subject to short sales. so why does it have to be such a conspiracy for gold and silver bugs? coffee and rubber are at 30 year lows. zinc is at lows not seen since 1932 in real dollars. i only have data going back 100 years but lead is the cheapest it's ever been in the last 100 years. cotton just bounced of 15 year lows, and is at much further lows in inflation adjusted terms. many many commodities are at multi-decade or even historical lows yet i only hear about the gold and silver cartels and conspiracies. how come i don't hear about cotton conspiracies or coffee conspiracies or sugar conspiracies?

because many gold bugs are just a bunch of black helicopter art bell lovin' nut-jobs!