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Monday, May 9, 2016

Happy Akshaya Tritiya!


May 9 is Akshaya Tritiya, which is a gold-buying day, so I guess we'll see gold drop by $50 after today.

But at least this is a good segue into this year's eventually-disappointing India monsoon news:

Bloomberg - strong monsoon forecast for parched India lifts growth forecasts. And that's good, because blah blah India blah blah gold.

Skymet - above normal monsoon for India in 2016. Then again, they screwed up last year's forecast.


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