The world's relatively calm and no one's expecting World War III anytime soon.
More Quotes from Fred Demler:
The political hedge used to be a major source of demand for gold. But it is no longer there at the moment.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
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
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