OK I am looking for squeezes on gold and encouraging ALL to buy physical gold. Tomorrow the feds will not raise rates. And at the press conference tomorrow, whether Yellen is hawkish or dovish gold wins. If Yellen is dovish, that is an inflationary signal. If she is hawkish, gold wins too because GLD will continue to be a safe haven. BUY IT... CALL KITCO or whoever you deal with.
There is a limited supply and the large majority of Gold holders in the east are still holding it and they will not sell it. Additionally, there is also a high amount flowing back into England and also the west. In economics and consumer theory, a Giffen good is a product that people consume more of as the price rises and vice versa—violating the law of demand. For any good, as the price of the good rises, the substitution effect makes consumers purchase less of it, and more of substitute goods. For most goods, the income effect (due to the effective decline in available income due to more being spent on existing units of this good) reinforces this decline in demand for the good. But a Giffen good is so strongly an inferior good (being more in demand at lower income) that this contrary income effect more than offsets the substitution effect, and the net effect of the good's price rise is to increase demand for it. BUY BUY BUY... 2200 first because we have found the floor. The look for $10,000 an ounce.
There is a limited supply and the large majority of Gold holders in the east are still holding it and they will not sell it. Additionally, there is also a high amount flowing back into England and also the west. In economics and consumer theory, a Giffen good is a product that people consume more of as the price rises and vice versa—violating the law of demand. For any good, as the price of the good rises, the substitution effect makes consumers purchase less of it, and more of substitute goods. For most goods, the income effect (due to the effective decline in available income due to more being spent on existing units of this good) reinforces this decline in demand for the good. But a Giffen good is so strongly an inferior good (being more in demand at lower income) that this contrary income effect more than offsets the substitution effect, and the net effect of the good's price rise is to increase demand for it. BUY BUY BUY... 2200 first because we have found the floor. The look for $10,000 an ounce.