I'll attempt a couple of those. Only spectacular results will do us any good. The market is so far unimpressed with what has happend lately despite temporary upward price spikes (which I believe had more to do with market makers trying to stir up business and dump some of their own holdings on the uninformed). More releases with average or poor results and useless statements about hitting the right horizon or rock types will excite no one in the financing or fund world.

As far as India is concerned, they simply relieved some concern about the IMF dumping 400 tons into the market further depressing the gold price. That may be premature in my opinion because no one really knows where the gold is physically located or how they are accounting for it. Many people who should know believe gold is being double counted via paperwork notation, that is, gold loaned is also counted as gold held. Who knows if it will now keep them out of the spot market or not. We shall see, another 203 tons to go.