PPYou are on the right track.I am also concerned about the...

PP

You are on the right track.

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.

loki