RE:Reuters is not reporting the spike in Indian gold demand Slow steady then pop UP would be normal in this environment for gold!!!
and lets not for get China last reported a figure of 1054 tonnes in April 2009 which has risen to only ((((
WINK WINK ))1658 tonnes today -SO this would mean lots more buying ahead
- Shanghai Gold Exchange deliveries at 73.289 tonnes last week
- 3rd largest week of gold withdrawals ever on SGE
- Both China and India heading for over 1,000 metric tonnes in 2015 … again
- India imports 96.1 tonnes in May alone
- ‘Chindia’ imports 296.55 tonnes in May – 14% greater than global production
- South Korean gold demand surges in wake of Chinese crash
- Asian and global gold demand robust contrary to anti-gold narrative
SEPTEMBER IS THE MONTH TO POP
https://www.321gold.com/charts/seasonal_gold.html