De Graaf

Four Reasons for an Immediate Rise in Gold

Aitvaras has a point with regard to the ETF's.
If we see another wave of asset deflation, like we had in 2008 and especially since August, then we are likely to see the ETF's dropping as they are representing paper gold in dollar denomination.

That is one of the reasons, gold could go down, if the FED's inflationary policy does not result in proper countering of the deflationary forces in the private sector.

But, having said that; I tend to feel we have an true secular bull for gold and silver. Inflation will rule in the end. Big time.

brgds,