Timber hypothesised that the activity of gold price led him to believe the bullion banks are flush with gold - too much gold.
Now us bulls have been told (indoctrinated) there is a shortage. Obviously a manufacturing 'squeeze' for a month is not a shortage.
If Timber is correct... if the bears are correct... that the paper market is correctly reflecting the physical, then gold will fall much more.
If there really is a physical shortage - more demand than supply, then gold price will rise.
Which is it? Does it need to be a mystery? Is it fair to have to trade in an enviroment where supply and demand is secretive and open to out and out lies.
Anway.... 2013 / 2014.... supply shortage or is there a glut of physical gold slooshing around