Wow ! A must read, gold nugget of an article !

This is a must read article for whoever loves gold and likes to understand the overt and covert gold market dynamics. GFMS is one of the best authorities on gold, and its CEO is quoted as saying...

He added that there’s ‘spectacular demand in India’ with buyers paying $30/oz over spot for 1 kg bars (.995 quality)—in contrast to the more normal $0.50 premium.

What are you waiting for ? Click the title of this post !

Why Goldbugs Are Hopeful ? Click this Gata Link

Gold and Silver markets were "managed" down to lower levels, the gold market manipulation proof is here. But Goldbugs at GATA are hopeful and confident that manipulation will fail, why ? Well, they are hopeful because of India ! That's right ! You should read this, click the title of this post.

I like to look for simple facts that confirm my view of the market. I found out that there are extremely high premiums on physical gold and silver metals delivery in US. And globally the demand and premiums both are high, and there are delays in ready delivery. You can sure be hopeful that any kind of manipulation will fail in this situation.