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Strategies & Market Trends : Ride the Tiger with CD -- Ignore unavailable to you. Want to Upgrade?

To: Land Shark who wrote (111617)	4/16/2008 9:45:05 AM
From: WalterWhite	Respond to of 313057

India does consume a huge amount of physical. Having said that, demand has dropped substantially as the guy from Kitco said. His interpretation is gold will fall in price, as it's just the speculative element supporting the current price. My interpretation is Indian buyers are gambling on lower prices, but will be disappointed. Once stock runs down, they will have to replenish inventory. Dowries require high quantities of the yellow stuff :) This is MEGA bullish for gold. When Indian buyers come back (and they will as Au is part of their DNA :)), the double whammy of speculative buying and increased physical purchases will push prices much higher. Inflation fears, dollar falling, and pent up physical demand will lead to much higher prices, imho. Globe