MY OPINION ON GOLD PRICES, page-3

  1. 5,447 Posts.
    The gold market price is determined by supply and demand...nothing new.Unfortunately both are in cloudy waters.Demand is easier to look at than supply.Supply is the miners and central banks.Miners will make their decisions on a profit basis,and possibly central banks do also now.This all leads me to the fact that there are 75 countries not in the European Central Banks Agreement[not including US]who have 4500 tonnes at their disposal.Part of this could be put into the market at any time.
 
arrow-down-2 Created with Sketch. arrow-down-2 Created with Sketch.