so at what price do we start shorting gold, page-16

tomu, I think that situation may be several years away. For example China had expressed interest in buying around 4,000 tonnes but where are they going to get it? They alone would hold up the market for a while. The Russians have bought 90 tonnes in spite of having spent a fortune defending the rouble.
New gold supplies are not rising. When demand drops off from investors it would presumably mean the economic situation would have improved and then the Indians will resume buying! India may come out of this situation much better than most as so much of their economy is internal, as will China with its huge stimulus package and a hungry-to-be-wealthy population.
In any case, Indians will resume buying when they realise the price of gold is staying up and not liable to drop to the 700s or 800s again. They'll get used to gold being $US1,000 an ounce or more.
I think we are seeing more of a beginning of safe haven buying than an end or middle.