Flick, I can't quite understand this guys reasoning. It would seem to me that his first 2 neg. reasons and probably no.3 as well would leed to higher gold prices, thus being good for holders of gold. I hold several gold stocks as well as physical and the thing I've noticed is that the large producers seem to move with the POG, while the smaller ones have fallen sharply and are recovering slowly, which is typical of the general market. I think he seems to be looking at the speculative side of the gold market which is a completely different animal from the gold market in geeral.
