Anyway I think the main reason which caused the sell off just...

Anyway I think the main reason which caused the sell off just now since christmas is the propaganda that india will cut it's gold imports by 50%, people in india are not buying gold because it is too expensive because their currency is very weak. Really the opposite happens, when the rupee is getting stronger people don't think 'hey i'll buy gold' although not a bad way to play it, I don't think that is how people think, more like the currency is going down and they will buy as much gold as they can.