Comment: Both paper and physical are down

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Both paper and physical are down

The paper price at the comex drives physical price, but this is not going to continue forever. The paper prices are manipulated with the obvious intent of driving price down and breaking through key support levels of price. Physical demand has remained strong, though. At some point something has to give and either price has to rise or demand has to fall. Personally, I think gold is on sale right now.

We all want progress, but if you're on the wrong road, progress means doing an about-turn and walking back to the right road; in that case, the man who turns back soonest is the most progressive.

-C. S. Lewis