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

To: Cogito Ergo Sum who wrote (101227)	6/19/2013 5:54:32 AM
From: Maurice Winn	Read Replies (1) \| Respond to of 217638

< Chinese want to buy a lot CHEAPLY ...> That would be nice for them, but the price of something is not what somebody wants to pay, it's what the bloke beside you will pay to get it instead of you, if the seller is willing to sell it at that price. Lots of gold producers are already in a world of hurt and are giving up production. $1900 an ounce was profitable but $1400 an ounce is not. Don't you think the price of gold will be found at auction from the reliable old supply-demand competition, not from hordes of Chinese wanting cheap gold. Mqurice