J P

Gold — Don't Be Left Holding the Bag

Keep trying to talk gold down citing the 4Q of 2005 data, Phil. Maybe you just grabbed the wrong link, but at any rate, look at what happened in 2005, and how "Demand slackened" and "central banks dumped 665 tonnes" and gold went from $450-$550.

September may well be a down month for gold, and if that's all you're saying, great, maybe you can be a little more clear.

But you seem to be saying anyone who holds gold is a fool, and your data doesn't support that argument (or dispute it either) and to make it you're going to have to address the role gold plays and why people hold it. Since you seem to assume they will dump it on a moments notice.