Wednesday, October 3, 2012

Hey... what about that Indian monsoon?

We totally forgot about the monsoon, eh? I guess when the price of gold goes up we don't care why.

Oh well, turns out the rains were 92% of average, thanks to a late push.

Here's Pakistan Daily Times on the topic.

Here's a Reuters article from a couple weeks ago.

So everything worked out okay after all, and Indians are just a bunch of worry-warts.

That's all the attention that we have to pay India for this year. Til next year, kids, always remember:

Americans don't buy gold. Indians buy gold. And Chinese. Any gold analyst who spins you a tale based on yet-to-be-seen USD depreciation or non-existent US money-printing, instead of on India and China, is either a liar or a fool, and should be ignored.

2 comments:

  1. I would add central banks to that equation. http://read.bi/NHTA3A

    ReplyDelete
    Replies
    1. Show me where the central banks are in the INP:GLD chart I posted today. Cos I don't see them.

      Delete

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