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vox kadavergehorsamkeit
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The Longer Term Fundamentals of the Gold Market As They Are Today - Jesse - Le Café Américain

In response to your question, i believe gold has further to fall. As stated at the end of March in response to a comment from Dom 1971, i predicted that gold was likely to fall to $1,200 the ounce from where it then was ($1,600). i also stated that the $400 drop would occur by the end of September at the latest. Nothing has thus far occurred to make me think that my prediction was off.....The best thing about my prediction is that it came to you free of charge. So, you can disagree with it and even despise me for having such a belief, but you must agree, unlike those who charge as much as $500 a month for their views, you at least get what you pay for from me.

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Beginning of the headline :There should be no doubt in anyone's mind that the fundamentals for world gold supply and demand have changed dramatically over the past ten years at least. The world's central banks, most significantly in the West, had been selling bullion from their central bank reserves since 1989. The first chart below shows the long decline in the official gold reserves of the central banks through the long bear market from 1979 through 2000, and even in the beginning of the bull market. There was an ex... Read More

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