very interesting developments in the world of gold. the vast majority of stories on mineweb/kitco today all call for much higher prices by the end of the 3rd quarter.

at the same time the bombay bullion assoc. (these guys have been a big factor in gold prices) are saying that indias import of gold may fall 35% in 2012/13... india is also saying they will import 5000 tons of silver and the price could reach $60 oz...

i call shenanigans... anyone who watched the 60 minutes story on india gold demand would question these stories coming from india. my guess is they are trying to curb the rapid rise in the POG... prices on the street in india for physical gold are skyrocketing.

2012 will be an interesting time for gold prices. be ready to pull the trigger when that "quick double" comes...imo