There was a really excellent article posted here about a year ago, titled 'why gold cant rise'. Basically it said that the gold derivatives market was 5-20 times the size of the physical gold market, and the combination of short and long positions, meant that traders were obliged to trade it around its current price of 280 -300oz. I dont remember who posted it, but you deserve a gold star for it, even if it was copy pasted.
