Trying to Make Sense of the Gold Market

Notice how the interviewer gets "contango" and "backwardation" mixed up.  Freudian slip?  Well, at least Bloomberg allowed a bullish gold trader to be interviewed, even if her line of questioning was slanted on trying to elicit bearish responses.

Even the title infers the "experts" are confused on why gold and silver are rising.

http://www.bloomberg.com/video/trying-to-make-sense-of-the-gold-market-2WL2EiG7T62eesbObxnmRg.html

"For example, in our office we tried to buy physical gold when it got down right around $1200 - $1250.  It's been eight weeks; we still haven't received our order of physical gold.  I think what that means is there's a huge run on physical right now.  You're seeing the prices now rally; you're seeing people want to be involved with the physical."