who to believe?, page-7

re: who to believe? - dont be fooled - easy stuff Just a couple of asides:-

Gold goes through the London Bullion market, not the LME.

Physical metal buying by India is very much a seasonal thing following the monsoon season. That season finished some months ago with the wedding season still in full swing(Divaili etc), but allow some time for fabrication into the most desired trinkets! Net-expect a slow down out of India in coming weeks.

The other side of the coin-global production is slowing, particularly out of Sth Africa. Annual demand is still outstripping annual production, with bank dishording covering the difference.

For the first time in many years, the physical gold price is cracking a mention in the international media (CNN,BBC etc). This is a good thing!

Will be in Dubai tomorrow and will be buying 'yellow' Chrissy presents! Watch demand go through the roof next week!LOL

Cheers,TAS