The political hedge used to be a major source of demand for gold. But it is no longer there at the moment.
More Quotes from Fred Demler:
The world's relatively calm and no one's expecting World War III anytime soon.Fred Demler
The fundamental feature was the strength of the dollar versus the yen -- and statements that the Japanese won't be supporting the yen. And no one wanted to be long in gold over the weekend.
Fred Demler
All the fundamentals would suggest that we are going to stay at these high prices. Inventories are low, the market is tight and China is a big buyer.
Fred Demler
Readers Who Like This Quotation Also Like:
Based on Topics: Gold QuotesWas not from a mixture of two races that the Titans sprang?
Jose C. Orozco
I think it had something to do with my love of music, especially rock music.
Gary Cole
So I've had lots of different bands over the years who have stayed with me for certain tours.
Joan Armatrading