if india was the top importer of gold and imported none in jan or feb and she is now an exporter of gold,what does that say? if 60% of gold is normally turned into jewellery, and india traditionally has a strong jewellery demand and mindset,it would seem that it is only speculation that is keeping the price high[artificial?] doomsday has been avoided so far, for gold to rise in value from here, we would have to see money in people's pockets and the willingness to spend on a non necessity, a want instead of a need. gold etf's are experiencing a plateau, whether or not this is the bottom of the equity market is debatable, but the nyse has had the best 90 day period since the 1930's. my 2 cents[or 1 450th of a gram of gold approx.] worth.
