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Strategies & Market Trends : 2026 TeoTwawKi ... 2032 Darkest Interregnum -- Ignore unavailable to you. Want to Upgrade?


To: energyplay who wrote (54296)8/31/2009 9:43:05 AM
From: RJA_  Read Replies (2) | Respond to of 219343
 
>>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