That's funny. Why do you think that?
So how do psychological factors effect the end user, they don't.
Southwest Airlines has almost 46,000 employees. Do you think they worry about fuel prices?
Psychology does effect traders and speculators. That was my point.
And end users and producers. That was my point.
They are based on the belief that the TBTF banks are basically criminal enterprises who have been given a license to steal.
Lots of stupid people have lots of stupid ideas.
The theory is that they are speculating on the price on the down side.
Why would they care? Why only the down side?
If the TBTF banks started to play the futures on the long side, gold would skyrocket in price.
Maybe they made it spike over $1900?
If you are short physical gold, you don't want that to happen.
Sure, but how many people/organizations are short physical gold?
That's funny. Why do you think that?
Maybe you should stop laughing and reread the explanation in my last post to you. I am not answering your questions to amuse you and if all you are getting from this is amusement I won't bother with you any more. I will try again. Please note, I am referring to the behavior of end users of the commodity, not industrial organizations or their employees.
Did the average consumer start using half as much gasoline six months ago thereby causing demand to collapse? I see no evidence of that, do you? Psychology does not seem to have effected the producers either, everybody is producing as much as before. You will see a decline in exploration, and drilling, and marginal production will be halted. I don't think you have seen that yet and it has nothing to do with psychology and everything to do with price.
If you think the TBTF banks are not running amok and manipulating every market they can get their hands on with impunity perhaps you should google: "JP Morgan fines" or "JP Morgan market manipulation". They have paid billions in fines for market manipulation in the last few years. They have admitted their guilt. Is anybody in jail? I guess those Forbes reporters are some of the stupid people you refer to.
Yes gold will see $1,900 again and much more.
What institutions are short paper or physical gold?
I don't know. The Federal Reserve has never been audited in over 100 years of operation. I guess we can take them at their word for how much gold they have, and how much they are holding for foreign governments. The Germans are happy to wait 7 years for the Fed to deliver their gold which is supposedly sitting in a vault in New York. The Dutch recently got over 100 tons of their gold so there must be some severe transportation issue with moving a similar amount a few more miles to Germany.
Once again, I will answer your questions seriously but if you want to resort to ridicule or ad homonym attacks you will be having this discussion with yourself. I consider such tactics to be an admission of defeat.