[firehawk]

cobran20 said:

Volume is drying up rapidly as it keeps rising!

Ordinarily, I'd agree that that was not a good sign for bulls.
However, in this case, the US futures market is far from the only place where gold is traded and it would only be relevant if you could somehow sum up the olume of gold being traded worldwide.
I would suggest that trade in gold going forward will increasingly be carried out outside the US.

[cobran20]

Aussie Houses Priced in Silver and Gold

[savagegoose]

Sydney (Ounces to buy a house) Precious Metals Peak (January 1980): 103oz Gold, 1811oz Silver
Housing Peak (February 2004): 1100oz Gold, 69,143oz Silver Start of 2011 (January 2011): 491oz Gold, 23,515oz Silver End of 2011(December 2011): 403oz Gold, 22,019oz Silver

omg look at that housing peak of 2004! 1100 oz of gold.
an oz gold was $546 and silver $10

[Mr Medved]

Anecdotally inventory at dealers gold is pretty low at the moment and not many people are selling. Silver is not so much a problem to get a hold of.

[simple]

Mr Medved, on 03 February 2012 - 03:02 AM, said:

Anecdotally inventory at dealers gold is pretty low at the moment and not many people are selling. Silver is not so much a problem to get a hold of.

Interesting, end of 2010 was opposite.
So I can say, that during run-up events in prices inventory drops significantly. Ether to many buyers or dealers hold insufficient stock.