Gold getting KILLED !!!! (Demand falls 30% in India)

[Mega]

http://www.daltonfinancialnews.com/2...et_report.html
Great, just f*cking great.........demand from India falls 30% & looking at retail figs Jackson hole will be a total f*cking non event.......F8CK
Mega

[globaleconomicollaps]

Re: Gold getting KILLED !!!! (Demand falls 30% in India)

http://www.daltonfinancialnews.com/2...et_report.html
Great, just f*cking great.........demand from India falls 30% & looking at retail figs Jackson hole will be a total f*cking non event.......F8CK
Mega

Maniplation! Commies! Crooks!

[thriftyandboringinohio]

Re: Gold getting KILLED !!!! (Demand falls 30% in India)

Well, Mike, I found this bit in the article, which is hopeful.

Gold prices are holding up very well in the light of weak demand from the jewelry sector and from investors," says Eugen Weinberg, head of commodities research at Commerzbank.


"That bodes well for a price increase that we expect for the end of the third quarter and the fourth quarter."

[Mega]

Re: Gold getting KILLED !!!! (Demand falls 30% in India)

[lektrode]

Re: Gold getting KILLED !!!! (Demand falls 30% in India)

Well, Mike, I found this bit in the article, which is hopeful.

Gold prices are holding up very well in the light of weak demand from the jewelry sector and from investors," says Eugen Weinberg, head of commodities research at Commerzbank.

"That bodes well for a price increase that we expect for the end of the third quarter and the fourth quarter."

that and what appears to be a steady drumbeat for/towards the next round of clik'g the print button on unkle ben's 'control panel'...

[raja]

Re: Gold getting KILLED !!!! (Demand falls 30% in India)

Mega,

There are two opposing forces:
1) gold as a hedge against currency collapse, etc.
2) worldwide deflation as global spending collapses and unemployment rises.
Much of the world is now in recession.

Right now, #2 is winning.
If you don't have money to spend, you can buy stuff . . . including gold.