http://noir.bloomberg.com/apps/news?pid=20601087&sid=aqQrhs1BXCQc&pos=7
“In the short-term, the macro landscape seems to have taken a turn in recent weeks,” Ray Eyles, chief executive officer of the bank’s commodities business in Asia, said in an interview. “Ultimately the long-term fundamental supply and demand of commodities is still pointing to higher prices.”
“What people tend to underestimate is how strong and how far the market can go when there is a limited supply to match a very heavy demand,” he said. Volume of gold stored in the bank’s vault in Singapore is “rapidly increasing,” he said.
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SS says
He must have said the same thing in 2007/08 as well.
“In the short-term, the macro landscape seems to have taken a turn in recent weeks,” Ray Eyles, chief executive officer of the bank’s commodities business in Asia, said in an interview. “Ultimately the long-term fundamental supply and demand of commodities is still pointing to higher prices.”
“What people tend to underestimate is how strong and how far the market can go when there is a limited supply to match a very heavy demand,” he said. Volume of gold stored in the bank’s vault in Singapore is “rapidly increasing,” he said.
-----
SS says
He must have said the same thing in 2007/08 as well.
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