“No correlation to the physical market.

On-going tightness in the physical gold markets.

Physical tightness of flow is reflected in the price not at all.

Gold is moving in one direction from west to east with small exceptions over the last year.

The danger of less supply moving forward is more likely than the comfort of more supply.”

I found this discussion between John Ward of Physical Gold Fund SP and an executive at one of the top Swiss Refiners highly informative, and suggest that you give it a listen.

The most difficult part I have found in presenting information is that once a group has amassed a great deal of data and putting it into some organized form of information, an arduous task indeed,  the next step of taking that information and putting it into a relatively simple and easier to understand format is a very important task and none too easy in itself.

I certainly learned that lesson through years of making presentations to the principal executives of Fortune 100 companies.  Most of the time they wish to have everything on one sheet or slide, with backup optional for their staffs or key questions they may ask in ‘drilling down.’ If you have ever worked at a large company I am sure you know the feeling. 

I hope to have something out on this issue later day.

But this is quite interesting and stands alone.  We have been hearing about this ‘tightness’ from quite a few quarters recently including some bank analysts and Peter Hambro.

You may read about this and listen to the actual podcast at Physical Gold Fund.