down-fall-smashGiven that Deep State operatives can do nothing to increase western gold supply, their only options are to somehow discover supply elsewhere, and/or to CRUSH gold demand.
The manner in which India’s demonetization was carried out indicates some kind of desperation.
It indicates to us that the bullion banking cabal is coming up against the wall, and that there is SEVERE supply – demand stress in the global gold market that is rapidly becoming non-containable…

Indian goldThe all too crucial monsoon season in India is on pace for a record year.  The crops that need the rain will now be overflowing in the coming months.
Translation – higher yielding crops for Indian farmers means higher physical gold demand in the market…

indian goldThe Indian nation election is arguably the most bullish event for gold of the past 100 years.
That election began yesterday. It’s the world’s largest national election, so it’s a long process. The results should be released around May 16.
Other than a bullet or vote counting fraud, I don’t think anything can stop Narendra Modi from winning this election. He is strongly endorsed by all of India’s major bullion and jewellery associations.
These “titans of ton” are ready to move massive amounts of gold from the Western gold community’s mines, to eager Indian citizen buyers.
The latest polls suggest major gold proponent Narendra Modi is just five weeks away from becoming the prime minister of the world’s most powerful gold buying community.

india silverThe DGCIS, India’s customs department, has just released the trade numbers for January 2014.
As we predicted, another result from the Indian restrictions in gold trade (besides a soaring Indian black market for gold) is that many Indians flocked to silver.
2013 Indian net silver imports broke all records at 6016 metric tonnes. The Indian gross monthly import average in 2013 was 512 metric tonnes.
In January 2014 gross silver imports was 461 metric tonnes, up 51 % y/y!

RogersThe Indian politicians are now trying to do their best to destroy the gold market. They’ve put on huge controls and taxes on the Indian gold market. India’s the largest buyer of gold in the world, and it’s already having an effect. So the Indians are now trying to figure out a way to make the Indians sell their gold. Now if India goes from being the largest buyer of gold, to a seller of gold—who knows how low the price of gold will go? I know it will go a lot lower. So I’m not buying gold…. yet.

When asked his thoughts on reports of Indian consumers switching to silver in response to high gold premiums, the head of operations at one of Inda’s top bullion dealers, Vishal Vyas concluded that,
Whenever there are gold shipments available…say half a ton or 300-400 kilos, the premium comes down…but otherwise again, the premium will go higher…because there is not a constant supply. There are tight supplies.
I personally feel that silver has become the poor man’s gold for investment, for short-term investment especially…& people have shifted to silver up to a certain extent, but gold is gold. Overall demand cannot come down. Now is the festive season where people will start buying gold in the form of jewelry. So by the end of December, all jewelers will need gold to replenish their original stock and get new jewelry manufactured, because there will be huge sales happening in this wedding season.”

Texas goldETF demand is just one facet of the broad based global demand that gold enjoys today and this fact continues to be not fully appreciated by many market participants who are tending to focus on falling ETF demand and liquidation to the exclusion of all else. In the first quarter alone, central banks acquired 109 tonnes of gold – the seventh consecutive quarter of central bank gold accumulation.
Central Banks Diversifying Into Gold Bullion “As Prices Fall”
Central banks are continuing to diversify into gold due to significant systemic and monetary risk and many will use the recent price weakness as an opportunity to diversify into gold at cheaper prices.
Jewelry demand has also picked up and total jewellery demand was up 12% year-on-year in the first quarter, driven in the main by Asian markets.   Jewellery demand in China was up 19% on the same period last year and stood at a record 185 tonnes. Interestingly, demand for jewellery in China alone at 185 tonnes and central banks demand at 109 tonnes equals 294 tonnes of demand for physical gold bullion which is much greater than the fall in ETF demand of just 177 tonnes.