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Wednesday, December 24, 2008

GLD


I should start this post with a disclaimer: I have a deep seated suspicion of gold bugs (if it's such a great investment, why are you trying to SELL it to me?), but I have been hearing and seeing articles about a "disconnect"between the gold futures market and the physical gold market. In short, the price on the COMEX does not reflect the supply/demand relationship in the physical gold market. I viewed these with a bit of scepticism, but now here is an AP story (via yahoo finace) of a supply/demand issue with the physical gold market. So, are we seeing some manipulation on the COMEX? That might be a good topic for me to research.

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