the fall in demand of gold in india is also attributed by poor economic conditions circa 2000. i agree the falling number of high grade gold being produced in conjuction with rising demand in mainland china and japan will offset falling indian imports. however the impetus is still there for indians to support the supply demand equation in future as gold further enhances its lustre in 2003. comex gold is too interesting atm, it is very well supported just below 350 and just above 347.50 (a $2.50 range), a close above $350/oz tonight or tomorrow will make new years drinks taste that little bit better!
