Stacy Herbert

The ABCs of Oil Manipulation

Chris,

How can I email you?

Thanks,

Stacy @ maxkeiser.com

SPDR GLD ETF Unloads 79 Tons of Gold - Should Investors Follow Suit?

India accounts for 18% of global gold demand. I think it is relevant to a discussion on supply and demand.

Indian consumers have an average annual demand of about 800 tonnes.

If it is rising or falling by ten percent it is relevant to the price of gold.

SPDR GLD ETF Unloads 79 Tons of Gold - Should Investors Follow Suit?

You say, "In the last two months, the fund has liquidated 74.7 tons of gold... the equivalent of Egypt's total reserves."

I say, "In the last two months, the fund has liquidated 74.7 tons of gold... the equivalent of LESS THAN half of the SAME two month demand FOR gold from Indian consumers.

Here is what Hindu Business Line says,

"Mumbai, Sept. 9 The sharp fall in gold prices has led to a steep rise in imports which had been recording a drastic decline from April onwards.

Gold imports in August rose 47 per cent to 100 tonnes against 68 tonnes logged in July."

www.thehindubusinessli...