"Not to put too fine a point on it, but there's a lot of junior companies that will not be able to build and deliver on new projects in the near term," he said. "That all bodes well for constrained supply and higher prices."

I love the way these guys go on about supply, as if gold was something you burned to heat your home. Message to Tye: Not to put too fine a point on it, but every ounce that was ever mined is sitting in some vault or around some woman's neck just waiting for the right price. There is no "supply" in the classic sense of the word, there's simply the willingness (or not) to hoard. Put a bid out for $2000/oz and you'll see exactly what I mean. Feh.

I should probably get some sleep.

ebear