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Letter "F" » Fred Demler Quotes
«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.»
«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.»
«It's just a nail in gold's coffin.»
«The political hedge used to be a major source of demand for gold. But it is no longer there at the moment.»
«The world's relatively calm and no one's expecting World War III anytime soon.»
«There have been a lot of problems: the Nikkei in Japan hit 12-year lows, there was fear the Russians would dump metals, and the Dow is off 20 percent in the last six weeks.»