"only the buy up of gold by India that has pushed up the POG"
only!? plough, this is fairly significant dont you think? I agree re a minor pullback, however there seem to be some fundamental monetary shifts happening here. Which country will continue to fund the US junket and dependancy on credit? Japan, I dont think so. India, looks like they would prefer to hold gold rather than US treasuries. China, hmmmmm, we shall see.
