Well once again my analysis proves to be right on and the India gold imports came in at 343 tons.

Now there is no way for me to prove the the India central bank sold gold from their holdings throughout the year and then replaced it with the 200 ton IMF arrange purchase.

However there is enough circumstancial evidence for me anyway in my mind to beleive that.

Therefore India's gold market would have had to import 543 tons this year and that would be a significant increase over last year.

All in my honest opinion of course.

F.F.