From all the charts and comments I have seen and read lately it seems we are in a kind of waiting game to see which way gold will move next. Of course it might just move sideways for quite a long time as well. There's no golden rule to say it has to go up or down. There seems to be a large volume of contracts going through. If we allow for one moment that the Chinese are buying significant amounts of gold then they would do so steadily and would not wish to rock the boat. They would have no wish to send the price up, indeed they would rather it be kept steady I would have thought. It'd be interesting to see the supply and demand situation currently. The mints are working flat out. If central banks are not selling, I wonder where the shortfall from mining is coming from. Perhaps a supply crunch is on the way.
