I am also concerned about the underlying demand for gold by the retail market in China and India. Chinese demand for jewelry has dropped because people are not buying as much into a falling gold price. They are holding off in anticipation of cheaper prices and because gold loses some of its store of value status. India has other issues, especially a 25% depreciation of its currency relative to the USD and a tax on imported gold.
Keep posting what you find/think. We need all the facts/ideas.
I am expecting that once the helicopters are up in the air in Europe and the US the POG will start to move up again, and be back to at least USD1800.
