"India imported 20 tonnes of gold in April after recording zero imports in the previous two months, though prices were ruling high in the range of 15,000 per 10 grams in domestic markets. "As per the provisional data, gold imports stand at 20 tonnes in April, 2009," Bombay Bullion Association President Suresh Hundia told PTI from Mumbai.Not too bad. Demand from the worlds largest gold customer may have slowed by about 20%. That's about right for a global depression, isn't it? Or, is that the whole story?
However, imports of 20 tonnes in April are less compared with 24 tonnes in the same month a year ago."
- Business Standard
Not sure what your getting at here. What about other countries / gold etf's? Are they buying?
ReplyDeleteWhat is happening to the other side, supply?
Good one FDR.
ReplyDeleteCan you post something about China/Gold.
Thanks :)
Sold all of my gold positions and most of my physical awhile back @ $940/oz.
ReplyDeleteJust hoping I made the right decision.
FDRAOA,
ReplyDeleteWho is buying equities? Can this nonsense go on for months or years? I am starting to question whether the market is tied to reality in any way anymore. Who says the market has to reflect fundamentals? Maybe it is one big Ponzi scheme...
FDR - Are you AWOL?, in seclusion?, have the Federal Reserve storm troopers found your address?, bemoaning the lengths and breadth of our manipulated market?
ReplyDeleteThis is just not like you to be gone so long.
What happended FDR?????
ReplyDeleteWhere are you hiding after all your accurate predictions???
FDR, Do you see interest rates climbing from here? Can we have gold falling, and rates climbing?
ReplyDeleteTesting 1 2 3
ReplyDeleteFDR, where are you?
ReplyDeleteFDR... I'm worried about you. You just disappeared now for like 5 days. Please post something so we know you are OK or if you are not our thoughts and prayers are with you friend.
ReplyDeleteFDR
ReplyDeleteJust wondering if you are AWOL, or if someone shut down your blog, or ill , or what ?
On Vacation?
ReplyDeleteFDR please come back!!!!! Missing you!!!!!!
ReplyDeleteIts been 17 days, when is FDR going to give an update?????
ReplyDeleteWhere are you FDR?
ReplyDeleteTime for an update!
ReplyDeleteTime for an update!
ReplyDeleteWhat's happened to FDR???
ReplyDeleteDear FDR,
ReplyDeletePlease stop posting about gold. Every time you do, it does the polar opposite.
Update please??
ReplyDeleteupdate please??
ReplyDeleteWhere is everybody?
ReplyDeleteI think gold will go up in the future, judging by the usa economy if you want to say we have something to be proud of. we have no infrastructure, no backbone, i lived in a communist country before and i can say we are headed that way, i wouldnt call this socialist, maybe islamic communism with socialistic ways but not a true socialism system. thanks to nafta and other free trade agreements soon we will be without factories and our mineral rights being sold to china etc, water sold to the swiss and beer and dairy farms and honey sold to other countries... anyways where im going with this is that gold wont go down, so it may stay around this level but could double no problem because since the usa is no longer a real buyer and the fake foods we bring in to this country will just get us more sick will only boost the drug companies and doctors but with less people with insurance and money doctors will also fall, this is when goverment walks in and helps us with drugs and keep us under there control, as when you have no food and need help and mr change is president then we look to mr change for help, when we have money and resources we put up our middle finger to anyone who wants to control us and laugh.... unfortunately less and less people will laugh, as you see less and less rich are moving, just look at how many millionares leaving california not to mention the rest of the usa... all great empires fall and we are on our way down with toilet paper over our heads hehe, ok i will be nice. but back to gold i see it can ether play around $700 plus but can see it double just in the short term, only reason the dollar will go up and down is because many countries still need the dollar to be strong but small war can mess that up and then more wars will follow but mass hunger can happen overnight... im not one to say the sky is falling nor do i believe in the end of the world theory, i just lived in many different life styles and feel this is just plain logic. i do see platinum based metals go up 4 times or more, from being used in future medicine to being a hard, heavy, high temp metal. Just look at Rhodium the last 3 years, yes it was close to being 12,000 dollars a ounce and its what hovering around 1500 dollars.... something to think about, silver at under 14 dollars, come on, one of the best antibiotics in the world and not as common as gold, i see silver shooting up big time. For the guy who sold his gold at 940 just think about that when you sold that now the dollar is worth 15% less then it was back in say feb 2009, so your telling me dollar is worth having in your pocket right now? I can see if you needed it to eat or bills then you do what you got to do but for a move on making money then sitting back to see if you did it good or bad i think is a bold move hehe, i guess its nice to see how much you have but i think moving it into say PGMs platinum group metals is good or even silver but then again im just a simple guy : ) I wish everyone the best, Just a side note i will be leaving the usa within a year and if i can i would leave within 6 months so i dont have to see what i loved sink even deeper into something that i used to run away from.... guess greed will do to the usa what it did to rome... nothing left of rome to really point a finger at. GlobalViper@aol.com : )
ReplyDeletealso just a side note, even if the buying is not as strong as a previous year doesnt stop the price of what the metal will be, sometimes money will drop due to bad times and metals will get pumped up, i know we are not living with a gold standard but once other countries adapt to getting away from the dollar the gold or silver standard or even say platinum could be a new standard but i would bet on ether gold or silver, platinum is more controlled by goverments because of what they use it for. cheers
ReplyDeleteregarding china gold, just a fact, did you know they have been buying different minning claims in the usa and other countries, i know one in az usa that produces gold but they take out even the dirt with it in containers and gets shipped to china so china is still a heavy buyer and seeks investment in gold and other metals. they know what they are doing, nice to see someone grind away on the future if not the usa.... something positive is always good even when its not from us *(usa)
ReplyDeleteJust wanted to say been following your comments on marketwatch for a long time. You were way ahead of most of us on the deflation curve. Thanks for your inputs and wisdom. I never believed you when you said oil was going to plummet in price, boy was I wrong. Keep the postings going and best wishes.
ReplyDeleteWhere are you FDR... miss you...
ReplyDeleteNot working out so well is it? What have you been up to? Have not heard in a while.
ReplyDeletehello???!!!!!??? where are you FDR???? is there nothing you can share with us during these times??
ReplyDeleteFDR on vacation?
ReplyDeleteOr buried underneath Giant Stadium?
Is this Blog still alive?
ReplyDeletehaven't heard from you in a while... just saying hi. I hope everything is well.
ReplyDeletemiss your work; hope you come back.
ReplyDeleteWhere'd FDRAOA go?
ReplyDeleteWhere'd FDRAOA go?
ReplyDeleteFDR, Where are you? We need you.
ReplyDeleteFDR, Where are you. We need you.
ReplyDeletewhere is FDR?
ReplyDeleteHello
ReplyDeletewonderered if you were going to be blogging any more. Enjoy your blog
thanks
Maximus
where have u been fdr?
ReplyDeletefdr please come back
ReplyDeleteFDR please come back and guide us.Missing your posts :-(
ReplyDeleteWhat happened to you FDR? You disappeared. I hope you bring back the commentary soon.
ReplyDeletewhere has fdr... gone ??
ReplyDeleteWelcome back FDR!!!!!!!!!!
ReplyDelete