Article from CS..... Long on NOT ....YEAH!!!
Credit Suisse is suggesting that supply/demand factors are now such that they;
could trigger a quantum upward change in thegold price, enough to sustain a newgoldprice/US$ equilibrium.... Our studies indicatein the long term global gold production will beginto decline as the diminishing number of newreserves fail to compensate for dying mines...The decline in global gold production will likely beaccelerated, should the gold mining industrycontinue to incur significant year-on-year inflationrates which are not offset by similar orsignificantly higher gold price increasesyear-on-year..The report goes on to note that were it not for continuedand material selling from the central banks of Europe andothers the supply/demand situation for gold has been, isand shall be in deficit. Credit Suisse is concerned that inthe not-to-distant future these sales by the legacy banksof Europe will cease, and when it occurs thesupply/demand deficit in gold shall put further, materialupward pressure upon gold's price, sending it higher at amore rapid pace. As the paper notes, as central bankselling ends and as some central bank buying continuesunder these circumstances the supply-demandimbalance will being to accelerate at an everincreasing pace into a net deficit, which in turn, will likely put significant up
