Gold Mining Stocks (XAU)

[NYBob]

the long haul thanks, well India used to be the biggest
GOLD buyer and may again be the strongest GOLD buyer -

the more nwo 666 mafia try to manipulate a commodity -
the higher it will fly -

Gold Climbs on Speculation of India Relaxing Import Restrictions -





Gold Climbs on Speculation of India Relaxing Import Restrictions
By Claudia Carpenter May 19, 2014

Gold climbed for the first time in three days in London on speculation the new Indian government will relax import restrictions on the metal.

Incoming Indian leader Narendra Modi told thousands of supporters over the weekend that he represented a break from past governments after winning the nation’s biggest electoral mandate in 30 years. The new India finance minister will decide on easing gold import curbs, Reserve Bank of India Governor Raghuram Rajan said last week. China overtook India last year as the world’s biggest gold buyer.

“India looks positive,” Bernard Sin, head of currency and metal trading at MKS (Switzerland) SA, a Geneva-based refiner, said by e-mail today. “There may be signs of lifting restrictions.”

STORY: Indian Investors Celebrate After Polls Show a Big Win for Modi
Gold for immediate delivery rose 0.5 percent ot $1,300.40 an ounce by 9:34 a.m. in London.

The European Central Bank and 20 European central banks announced the fourth central bank gold agreement. “The signatories note that, currently, they do not have any plans to sell significant amounts of gold,” according to the agreement anounced by the ECB. “Gold remains an important element of global monetary reserves.”

The statement is positive for gold because it indicates the metal will continue to be an important part of central bank reserves, Sin said.

STORY: The Twin Deficits That Threaten Modi's India
Palladium rose 0.6 percent to $820.25 an ounce, platinum climbed 0.9 percent to $1,477.38 an ounce and silver advanced 1 percent to $19.561 an ounce. Gold futures trading on the Comex in New York was 12 percent below the average for the past 100 days at this time, according to data compiled by Bloomberg.

To contact the reporter on this story: Claudia Carpenter in London at [e-mail]

To contact the editors responsible for this story: Claudia Carpenter at [e-mail] John Deane

STORY: India's New Leaders May Demand Interest Rate Cuts

CALEDONIA MINING slide show presentation @ European Gold Forum, May 2014 -

http://www.caledoniamining.com/pdfs/CALPres-05062014.pdf

http://investorshub.advfn.com/boards/read_msg.aspx?message_id=102124405

http://investorshub.advfn.com/boards/read_msg.aspx?message_id=101630925

God Bless