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Gold/Mining/Energy : Gold and Silver Juniors, Mid-tiers and Producers -- Ignore unavailable to you. Want to Upgrade?

To: loantech who wrote (63434)	2/12/2009 1:11:16 PM
From: bull_dozer	Read Replies (1) \| Respond to of 78418

> I am still skeptical between the real gold buyers, India and small bullion purchasers and (maybe mid eastern buyers) if that can be proven, vs. the paper buyers of GLD. timesofindia.indiatimes.com Gold prices spurted by Rs 350 to close at record Rs 14,900 per 10 gram. Market men said heavy buying by jewelery fabricators to meet the marriage season demand pushed up the gold prices. A significant support from the overseas markets where gold rose to 948.60 dollar an ounce, a level never seen before July 23, also support the trend, they added. Gold prices in overseas markets, which set trend in domestic markets, climbed in day-to-day trading on fears that US government's rescue plan may not revive the economy. "Presently, there is investment buying at existing higher levels joined by actual users for the marriage season," All India Sarafa Bazar president Sheel Chand Jain said.