India and Gold Buying

I could not publish to this blog all day yesterday for reasons known only to Blogger. And the danged thing ate some long posts, too! Anyway, let's see if this one makes it. I'll keep it short and sweet: Gold buying seems to be picking up the pace in India, and that is bullish for gold.

Some highlights...

• India may import 10% more gold this year
• Softer gold prices are also expected to boost the world appetite for Indian jewellery, exports of which could rise 15% in 2006
• India is Asia's fourth-largest economy, and has been expanding at an average rate of 8% in the past three years.

Read about it here: http://tinyurl.com/r4vn2

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