India demand has been lackluster this summer but reports are that holiday festival sales may be record setting. The Indians are coming back into the market with force.
Could the East be slowly moving towards gold as the predominant "store of value" currency and King Dollar be on the decline?
China and India combined account for over half of world gold consumption. Last I checked the US accounted for a measley 8%. Yet the price of gold and silver are (supposedly) set by the paper Comex market.