To: carranza2 who wrote (71073 ) 2/17/2011 6:48:52 AM From: TobagoJack Respond to of 217561 clearing e-mail trayFrom: C Sent: Thu, February 17, 2011 2:18:48 PM Subject: Fw: WGC>> India imports Hi M, J, B, Z This morning we have the following story on bloom : Gold Imports by India Reach Record on Jewelry Sales, Group Says 2011-02-17 06:04:47.693 GMT By Madelene Pearson Feb. 17 (Bloomberg) -- Gold imports by India, the largest user, climbed to a record in 2010, driven by a surge in jewelry demand and amid expectations that the 10-year rally in prices would extend, according to the World Gold Council. Purchases totaled 918 metric tons, according to provisional data released by the producer-funded group today. That exceeds the projection of about 800 tons made last month by Ajay Mitra, the group’s managing director for India and the Middle East. Bullion advanced 30 percent last year, reaching a record $1,431.25 an ounce on Dec. 7, as investors bought the metal as a protector of wealth. Jewelry demand in India jumped 69 percent in the year to the highest ever, helping drive global demand to a 10-year peak, according to the council. “India was the strongest growth market in 2010,” said there port. “The rising price of gold, particularly in the latter half of the year, created a ‘virtuous circle’ of higher price expectations among Indian consumers, which fuelled purchases, thereby further driving up local prices.” Fourth-quarter imports rose to 265 tons from 204 tons a year earlier, the group said. Jewelry demand gained 47 percent to 210.5 tons, while total demand in the period climbed 37 percent to 284.9 tons. Consumer demand for bullion in India rallied 66 percent in 2010 to 963.1 tons by volume from a year earlier and more than doubled in value to $38.2 billion, the council said. --Editors: Ravil Shirodkar, Matthew Oakley. To contact the reporter on this story: Madelene Pearson in Mumbai on +91-22-6120-3652 or mpearson1@bloomberg.net To contact the editor responsible for this story: James Poole at +65-6212-1551 or jpoole4@Bloomberg.net; ======================================================================================================================= I also forward herebelow our chat of 14 January re. physical demand.....I had said that I would not be surprised if we saw a 9** ton import figure for India ...so today we have wgc teling us that the figure is 918 tons!! NOW NOW.....I wud again say that this tonnage is still under-reported as we have paralled imports (known as black market) of GOLD into India...this not reported anywhere....so I would say the figure is a 1*** tons import for India alone....so wat about China??? Now I am close to 100% sure that GOLD was in a sizeable deficit supply in 2010 ! not one clown talks about it ! and paper goons keep on suppressing the price ! Kind regards ----- Forwarded Message ----From: C Sent: Friday, 14 January 2011 11:05:30 Subject: Re: Comments - Week of January 10 As mentioned in this zerohedge article abt SILVER, I would say this for GOLD : physical demand has been steady-to-strong & below the bid....the buyer(s) are there virtually 24/7 and any attempt to knock price down is met with these guys who are most willing to get hit (maybe they are singing "come on...hit me darling"!!) over the past 7-8 days we have seen a consistent pattern that GOLD gets knocked violently (and if u see the movement it is as if the seller is "gasping for breath" type selling...) ONLY after comex opens....earlier when we had GOLD sell-off's, once London opened we would see selling coming in ....also when Japan opened (earlier times) they too would "contribute" to the selling...but over these past few days the selling is ONLY paper comex related.... which is very likely that cabal are desparate to control via paper artillery .... as their ammunition does not seem to be effective in physical. one more point : world class world GOLD council came out 2-3days ago and said "India demand would have surpassed 800 tons in 2010" !! Oh is it??? how come then in Q1 & Q2 they feared demand destruction due to high prices & all through they thot India imports were measly every month????? and what abuout China imports??? Not a clue they have!! I think India demand was way above 800 tons....wud not be surprised at all if I saw a 9** figure tons of import...and the joker in the pack will be the China figure....if we ever get to know about it....maybe iin 2015 !!! hahahah and the big story is this : 2010 euroland banks all but vanished from the selling arena... imf GOLD got absorbed every single month ....no increase in mine supply....SO WHERE WAS ALL THIS DEMAND MET FROM? ah ha.....PHANTOM !! the ghost who walks....errrr I mean sells !!!!!!!!!!!!!!!!!!!!! From: M Sent: Friday, 14 January 2011 08:58:38 Subject: Re: Comments - Week of January 10 I still want a drop in gold below the $1300 level to shake out the weak "johnny-come-latelys" and so that I can buy some more physical at good prices. Taking a punt on a small gold miner. Will let you guys in on the name once I've finished buying. As it only does about $100,000 to $150,000 per day in volume, it doesn't take much to move this one around!!! You can trash my idea then so that I can panic sell back out of it..... <g> Beginning to think that natty gas is going to be a very good play on a 3 year time horizon unless the global economy truly collapses..... MOn Fri, Jan 14, 2011 at 4:01 AM, r wrote: big buyers in the coin market...(zerohedge) Three days ago we noted that in just the first week of January, the US Mint had sold 2,221,000 ounces of silver "a number which if run-rated would be an absolutely all time monthly record," A quick glance at the tally today, shows that something very scary is going on. In the subsequent three days, the number has surged by 50% and has hit 3,407,000 ounces of silver! In just the first 12 days of the month we have already surpassed thetotal monthly sales of 9 separate months of 2010.