the puke indicator, page-86

timber,

"For that to be true when prices are falling, the actual amount of physical gold available for sale must be at even greater historic levels,,,"

You truly believe a majority of the selling is physical?

Do you not remember the debate between Bill Murphy of GATA and Geoff Chrstian of CPM in which GC said in gold trading the ratio of paper to physical was 100:1?

If paper to physical is at 100:1 ratio then a very logical conclusion is that gold price discovery is almost totally from the paper game, reasonable?

The debate is here: http://www.greenenergyinvestors.com/index.php?showtopic=10158