This really belongs on the GOLD forum but it's significance for PGI is far to great for it to be ignored.
At just past 2am (AEST summer time) Gold had surged over $20 on apparent speculation that India had started the process to alleviate the duty burden on gold.
http://www.zerohedge.com/news/2014-01-23/gold-surges-speculation-india-may-ease-import-restrictions
And China released figures that said their gold reserves had not increased over the last five years .... which nobody is going to believe.
I know PGI has hedged gold for the next 18 months, but it is also looking for new sources for the plant and they are considering other gold exploration.
The POG is very important for them going forward.
gold surges on indian speculation
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