One of my bedrock principles is to leave my opinions at the door and let the data speak for itself. There is widespread belief among American investors and a large number of proclamations that the Chinese and Indians are not selling gold and silver into the swoon. Hard data from Shanghai, China, shows that the foregoing belief of the gold bugs does not hold water. Since I write based on rigorous analysis of the data, the analysis is often less than popular. The following statement from one of the hate mails in response to my recent article Gold momo crowd

The number-one problem for gold and silver investors is that the world does not end very often. You must understand that unlike stocks, bonds and forex markets, gold and silver markets are not very deep.  In plain English, this means that typically at any one time there are not enough buyers and sellers ready to step in with a large size without a big change in price.  This is typically not the case with large cap stocks, Treasury bonds and major currencies. The price of gold and silver is moved by the marginal buyers and sellers at the fringe. Traditional