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.
Nothing written or implied on this blog should be taken as investment advice, an inducement to buy or sell securities, or anything other than the insane ramblings of an anarchist sociopath who dreams of a dystopian future where giant wardroids drive over piles of human skulls.
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I would add central banks to that equation. http://read.bi/NHTA3A
ReplyDeleteShow me where the central banks are in the INP:GLD chart I posted today. Cos I don't see them.
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