On www.bloomberg.com this AM, the commentator stated that there were so many people worldwide turning in their gold jewelry for cash, that the POG will have a hard time going past 920.00 until all the scrap is sold. Dat's why you're stuck in this low trading range. So am I, but I'm in silver. Same thing there, too.
It is called a transfer of wealth from idiots that spend to much "the government will save me" types - to intelligent people that did not get a pretend "A" from the "Ivy League" and the idiots that follow them
You are oblivious then... you know how much gold is sitting in peoples homes, especially those who are retired. You obviously don't live with a woman if u think one woman times 100 million couldn't have an impact. the guy at the mall here is packed everyday with people dumping their old jewelry for cash in these hard times.
Well then, flapjack, do you have a better answer? If so, please enlighten me. Financial TV cannels DO have an effect on investors. You did know that, didn't you? Even that jackass Kramer can affect markets.