daytrading august 22 pre-market, page-6

imports by India, the world?s biggest consumer, may reach a record this year as investors seek a haven against inflation and volatility in stock markets, a traders? group said.

Imports may be between 950 metric tons and 1,000 tons this year, Prithviraj Kothari, president of the Bombay Bullion Association, told reporters at a gold conference in Kovalam in south India. Consumption in India rose to a record 963.1 tons last year, driving bullion imports to the highest ever at 958 tons, according to the World Gold Council.

Rising Indian imports may help extend a 30 percent rally in gold prices to a record that?s made the precious metal the second-best performer on the Thomson Reuters/Jefferies CRB Index of 19 raw materials this year. Bullion is heading for its 11th annual gain as Europe?s sovereign-debt crisis and concern that the U.S. economy may be slowing spur demand for a haven.
.............looks like still more room for gold . the problem is gov are playing to much of a roll in the big picture . still cant help to feel if they let a few banks full things could of been better now . picture this when cob and co was on the way out (cars over horses) what would of happened if they got bailed out . 1, wasted money or 2 heheheh we all own horses heheh either way the world what not move forward and cob and co was as big as it gets .