Goldman Sachs. Aren't they the biggest bears in the gold market? They would be hoping desperately for a bubble burst because their alleged gold short position could blow them out of the water over the next couple of years.
How can this possibly be considered a bubble when there are fundamental supply side issues driving the price? Eg Zinc - diminishing supplies as world demand for the base metal has continued to outpace production, exacerbated by minimal investment in exploration etc by mining companies over last decade. Gold - sold down to artificially low levels (driven by aforemention brokers and their ilk) that saw the closure of many mines around the world - at one stage gold was selling for less than the average cost of production; the result supply side shortage now driving the price up. These types of things can't correct until the supply side increases - Zn is projected to be at least two years, gold many more.
good luck goldman sachs.
ZFX
zinifex limited
