Gold has been hit very hard due to funds liquidating their gold positions to meet margin calls. Technically oriented accounts have also been heavily selling gold as gold has failed to perform during the crises.
India is the biggest consumer of gold for centuries old cultural reasons. We are detecting demand rocketing in India. Demand in mid east and Russia seems to be on the upswing. Gold market, for the moment seems to be unaware of the change in demand. Moreover their is a significant probability that on any move up, bears will be trapped and forced to cover their short positions putting pressure on the upside.
Our choice vehicle is DGP, it gives double exposure on the long side.
Consider start accumulating right here around $12.11
