I'm just gonna respond one place since you quoted twice.
That statement is connected with the one above it, where I was talking about the cost to produce being $1475 to $1500. I said $1500 as an absolute when I should have said "roughly plus or minus a few percent." I should know better than to pick a number and state it as an absolute because there's no way to know exactly what it will trade at at any particular moment.
And as you posted above, a lot of people are concerned the Gold of Cyprus and the other Euro countries that are in trouble will hit the open market. I think the probability of an open market transaction ie tons of Cyprus gold hitting the Comex is nearly zero. There are too many other nations out there that are "rich" in paper assets (currencies, bonds, etc) and "poor" in gold reserves who stand a high probability of buying it in a direct transaction before it hits the open market. China, India, Singapore and even Russia are potential buyers.
If people are shorting in anticipation of that sale, and it doesn't happen, we could see a significant short squeeze in the metals markets. If that were to happen I'd expect to see it by Tues maybe and for sure by Wed.
Edited by nova, 14 April 2013 - 10:21 AM.