June 11, 2012

AGGRESSIVE SELLING OF GOLD AND SILVER IN INDIA

This post was just published on ZYX Short Sell Change Alert

India is the world’s largest coal importer.  Contrary to the rumors being spread by the gold momo crowd data from publicly traded gold instruments in India shows aggressive selling.  Anecdotal evidence shows that the demand for the physical gold and silver metals is very weak.

When gold and silver prices are high, instead of buying gold and silver, Indians tend to recycle the gold and silver they own for purposes of marriages and festivities.  Estimates are that scrap sales of gold in India may reach 300 metric tons from 130 metric tons in 2011. … Please click here or the title below to read more.

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