Swiss Refiner: Physical Tightness in the Flow of Gold Is ‘Reflected in the Price Not at All

http://jessescrossroadscafe.blogspot.com/2015/09/interview-with-executive-from-one-of.html

“No correlation to the physical market.
On-going tightness in the physical gold markets.
physical tightness of flow is reflected in the price not at all.
Gold is moving in one direction from west to east with small exceptions over the last year.
The danger of less supply moving forward is more likely than the comfort of more supply.”