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overtheedge
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Supply and Demand Report, 13 Mar, 2016 - Keith Weiner - Monetary Metals

" Every ounce of those massive stockpiles is potential supply. Everyone on the planet is potential demand. At the right price, and under the right conditions."

Seems to be your mantra and is incorrect at best.

If we consider gold, money and the currency of the day to be representations of productive energy expenditure, then the exchange relationship between each indicates the level of confidence of each. If the price of gold goes up, then we can be certain that the gold has not changed, but rather the exchange value of the currency has declined.

For the economically illiterate, this is an excellent time to exchange a rising value asset for a declining value asset.
Of course the economically illiterate has no more gold than what they sport in their mouth or on their fingers.
Your premise would be correct. At a certain exchange rate, someone will hit them in the mouth, take their tooth and go Gollum on their finger.

Next we have the presumption that at a certain price, everyone represents potential demand and every ounce represents supply.
Not so. Demand (from the supply/demand curve concept) requires not only the desire, but also the capital assets needed to purchase the gold.
And the potential supply issue reeks of the same odor as the shills for gold prospects where it is commonly touted such fanciful claims as perhaps $245 in the ground.
The economically literate don't exchange a rising value asset for declining value assets.
If cash flow needs an infusion, gold is a dandy form of collateral. Why else would Central Banks hang on to it?

" Every ounce of those massive stockpiles is potential supply." I'm calling this pure nonsense. Looks goo in theory, but so does all the other economic bovine excrement theories. Which by scientific standards are not theories at all, but rather untested hypotheses. Economics is not a science, but rather a philosophy. And I willingly admit this is just my reasoned opinion.

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Beginning of the headline :On the week, the prices of the metals didn’t move all that much. However, the move around 6am (Arizona time) on Thursday is notable. The price of silver spiked up from around $15.12 to $15.64—3.4%—by around 8am. Twelve hours later, the price touched $15.73 before sliding off. We are always interested in the fundamentals, as we watch price moves. The question is always: is this speculators, betting with leverage on the silver price using futures? Or is it industrial or stacker demand for real met... Read More

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