Grant Williams gave another must see presentation at the Mines and Money Conference in London last month, laying out why he believes the gold price is languishing despite a wealth of what would ordinarily be “positive catalysts.”

Williams’ presentation is titled “Gold: The Unsurance Policy — Love It or Loathe It.” It is 28 minutes long and can be viewed here:

He notes the many incongruities to be seen in the gold market today and that while “nobody seems to care” about gold anymore, central banks have turned from sellers to buyers and demand for bullion is robust globally, especially in China, where the Shanghai Gold Exchange (SGE) is delivering more than 50 times more gold than the exchange perceived to set world prices, the New York Commodities Exchange (COMEX).

Further, Williams says, while the gold price has been slaughtered for four years, simultaneously the fundamental factors supporting a higher price have increased greatly.

Williams notes that market rigging by central banks and their agent investment banks may be a cause of pricing incongruities. He concludes that eventually everyone will care about the gold price and that there’s not enough gold to accommodate everyone.

Daily Prices

11 Jan LBMA Gold Prices: USD 1104.70, EUR 1,014.08 and GBP 758.18 per ounce
8 Jan LBMA Gold Prices: USD 1097.45, EUR 1,009.86 and GBP 750.67 per ounce
7 Jan LBMA Gold Prices: USD 1096, EUR 1,009.45 and GBP 752.51 per ounce
6 Jan LBMA Gold Prices: USD 1083.85, EUR 1,009.66 and GBP 739.84 per ounce
5 Jan LBMA Gold Prices: USD 1078.00, EUR 1,000.75 and GBP 734.31 per ounce

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