I am no expert so take my comments with a good dose of salt or whatever ( Al Cool? ).

Since the all time peak price in gold I have heard and read that the bottom in price is at hand at least several times. After each the price has been whacked even lower. So much for the comments from experts.

Recently, and probably on this forum, I saw a comment from Goldman Sachs that gold price is likely to go all the way to 1200$ this year.

I take it that Goldman and friends are using scare tactics to shake up loose gold. In other words for some to sell at present price with the hope and expectation that they will get it back later at a lower price.

HOWEVER I also think that what is scared sold is real gold while the lower priced will be 'paper gold'.

The shakers are hoping that they can carry on with this substitution to most customers while they get the real stuff to cover their exposed behinds.

Cheers, Ed.