is the gold bull over?, page-26

WANG CHUNG

Your assuming the goldies are selling their gold for the futures market price!
Im sure the producers will be cutting back on production now until prices rise, and if they have to they will stop production for a while.
Some good junior goldies have a lot of hedging at 1600 p/oz and higher infact one junior I know has nearly 200,000oz hedged at 1600 and 1400. Physical gold for sale now has a premium of 40 to 50 dollars above the ETF price.
These low prices are causing COMEX to part with a lot of gold in physical delivery. Well see how much more the Bullion Banks will part with at these prices!!