real gold demand

Hi folks,

As we've seen the wally street herd bolt out of their speculative positions in gold, it's worth remembering their is a more traditional demand, one from the areas in economic accent.

http://www.bloomberg.com/news/2013-04-19/gold-gaining-as-physical-demand-said-to-be-extraordinary-.html

This buying wont get us back to circa 1800, but just might give us a floor, and hopefully anchor us somewhere nearer 1500, a very good price in my mind.

These swings always overshoot, hopefully that is what we have already seen on the downside.

EL