$1100 for gold malmanu?, not so sure about that, continuing...

$1100 for gold malmanu?, not so sure about that, continuing heavy demand for physical Gold, especially in India every time the price moves lower is starting to set a floor under Physical Gold, much to the annoyance of the paper Gold people.

I'm not going to guess on the direction of Gold but there is another reason why $1100 is unlikely, a large number of Gold miners would be uneconomic at that price, supply would drop dramatically as the price drifted under $1300 and the usual law of supply and demand would kick in and drive the cost rapidly higher. At $1100 I would be buying Gold coins like crazy and I suspect so would most other people, this extreme demand for physical Gold would prevent Gold from getting to $1100.

In addition central banks are still buying physical Gold, especially China, japan is still printing in a last stand to revive its economy, the FED will continue to print as well as a slow down would cause the US economy to fall over.

DYOR, I make wild guesses.