Ophir,
It's official, the USA is now the world's biggest oil producer, with so much oil that legislation banning oil exports is expected to be eased.
http://www.bloomberg.com/news/2014-...gest-oil-producer-after-overtaking-saudi.html
Meanwhile the monsoon in India has seen the lowest rainfall since 1951. That means Indians will need to sell gold.
http://articles.economictimes.india...2_1_higher-sales-market-share-ice-cream-sales