Gold's upward path will be volatile but direction and magnitude are assured

from Mineweb.com:

Although gold prices have slipped during the Northern Hemisphere summer, expectations are for a much stronger last quarter.

And, much of the reason for this is the difference between the type of person who has recently been selling the metal and those whose buying pushed up the price to its highs in June.

Speaking on Mineweb.com's Gold Weekly podcast, Jeff Nichols, MD of American Precious Metals Advisors, explains "The buyers have largely been buyers of physical products, small buyers, bullion coins and also to some extent, gold ETFs which are a form of physical gold investment as well. Much of this investment is sticky - it doesn't tend to get sold any time soon. It's long term holders, who have an affinity and interest in holding gold as a hedge an insurance policy and the like.

"The sellers on the other hand,""he says, have largely been institutional traders and speculators......"We're predicting or expecting that gold prices will in the next few years, hit $2,000 followed by $3,000 and possibly higher,".....read on