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To: NucTrader who wrote (373385)8/28/2008 4:01:20 PM
From: Horgad  Respond to of 436258
 
The theory is that the shortage is only in the smaller bars and rounds sought by small investors. The big bars and industrial grains can still be bought in size close to the current spot price. Also the market for the smaller bars is tiny in comparison so an increase in demand there and the related shortage MAY be meaningless or it MAY be the snowflake landing on the hill that starts the avalanche.

Anyhow I don't think that paper gold price and physical gold price is diverging yet. I think only that it is a price divergence in separate markets and products that will be closed when a larger chunk of gold and silver is diverted into smaller bars and rounds. Of course, as that happens spot price will have to move up as the industrial supply and the big bar supply tightens. IMHO



To: NucTrader who wrote (373385)8/28/2008 6:11:59 PM
From: Real Man  Respond to of 436258
 
It did that for some time February through March as physical
demand was very weak, while futures prices kept soaring. In
general, this just means gold long term bull market correction is
about over.


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