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Strategies & Market Trends : 2026 TeoTwawKi ... 2032 Darkest Interregnum -- Ignore unavailable to you. Want to Upgrade?

To: carranza2 who wrote (96289)	11/5/2012 8:24:42 AM
From: TobagoJack	Respond to of 218863

Would not characterize as wound, just. Score that remains outstanding, and not substantively different from enough scores outstanding in other parts of the planet. In the mean time, a note from physical trader, and I quote ====================================================================== INR: +1.26% big move today .. thoughts from our currency trader - "A lot of gold importers demand going through (Possibly ahead of Diwali) ..Also triggered interbank stop loss .. It broke all resistance expect more short cover and s/l". Note that Gold was down 2.1% on Friday ==================================================================== today Indian Rupee weakened significantly... closed down 1.4% for the day, which is the 2nd biggest loss in 2012. Whilst local fx dealers give no specific reason for the fall, Gold demand has been inching higher over the past 3-4 weeks. The smart money (ie : pols) have in 2008 & 2009 used weakness in Gold price to buy significant amont , by significant I mean excess of 70 tons. The same seems to be happening now. Rupee which saw a short burst of optimism over the past 2-3 months seems to be fading away & seems to be resuming the downtrend. Gold stocks with dealers in India are depleted to extremely minimal levels & with festival demand coming up along with marriage demand, any weakness in Gold prices would imho see substantial demand from India.