the end is near embry warns gold price riggers, page-24

SuperCycleBear

I accept you micro-economic analysis. Maybe we are simply disagreeing about the definition of what constitutes a "supply problem" in the context of the futures market.

I consider a "supply problem" to be a situation where holders of short futures positions cannot buy futures to cover their short positions or buy physical gold to deliver into their short position without causing a noticable change in price stability.

The reason this hasn't happened is that the covering of shorts is usually carried out over an extended period prior to the contract close allowing the traders plenty of time to choose the best time to buy. This buying may have sent prices higher, but it has done it gradually.

Let me know if you have a different definition.

Cheers.