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That doesn't surprise me [USER=2893]@noirua[/USER] . Lotsa talk of Asian in particular the Chinese Govt. cutting back on purchases of Gold. A proper retracement was overdue. I've put 4 w before Dewali which is the first Indian festival to kick off as a point in time to consider adding. Retail will come to the rescue. Hopefully there will be a decent buying opportunity around the beginning of October 2024.

My expectation that the Indian and Chinese cousins heading in to the marriage season will support my favourite metal depends on their economies of course but I don't see anything stopping them from achieving a better GDP this year than last, the former from a reasonable base and the latter as part of a recovery.

I guess the headline will be " Virgins ( if such a person exists nowadays pre marriage ) to the rescue". Alas I'm not all that positive about Gold over the next 3-4 months, although I'm not selling. The Israeli and Palestinian cousins continue to bash the bejayzus out of each other in a flight to the moral high ground and land of course, the Russian and Ukrainian cousins similarly and there are a dozen monsters leading countries here and there about to go down the path of war.

gg

<blockquote data-quote="Garpal Gumnut" data-source="post: 1282581" data-attributes="member: 2555">That doesn&#039;t surprise me [USER=2893]@noirua[/USER] . Lotsa talk of Asian in particular the Chinese Govt. cutting back on purchases of Gold. A proper retracement was overdue. I&#039;ve put 4 w before Dewali which is the first Indian festival to kick off as a point in time to consider adding. Retail will come to the rescue. Hopefully there will be a decent buying opportunity around the beginning of October 2024.My expectation that the Indian and Chinese cousins heading in to the marriage season will support my favourite metal depends on their economies of course but I don&#039;t see anything stopping them from achieving a better GDP this year than last, the former from a reasonable base and the latter as part of a recovery.I guess the headline will be &quot; Virgins ( if such a person exists nowadays pre marriage ) to the rescue&quot;. Alas I&#039;m not all that positive about Gold over the next 3-4 months, although I&#039;m not selling. The Israeli and Palestinian cousins continue to bash the bejayzus out of each other in a flight to the moral high ground and land of course, the Russian and Ukrainian cousins similarly and there are a dozen monsters leading countries here and there about to go down the path of war.gg</blockquote>

[QUOTE="Garpal Gumnut, post: 1282581, member: 2555"] That doesn't surprise me [USER=2893]@noirua[/USER] . Lotsa talk of Asian in particular the Chinese Govt. cutting back on purchases of Gold. A proper retracement was overdue. I've put 4 w before Dewali which is the first Indian festival to kick off as a point in time to consider adding. Retail will come to the rescue. Hopefully there will be a decent buying opportunity around the beginning of October 2024. My expectation that the Indian and Chinese cousins heading in to the marriage season will support my favourite metal depends on their economies of course but I don't see anything stopping them from achieving a better GDP this year than last, the former from a reasonable base and the latter as part of a recovery. I guess the headline will be " Virgins ( if such a person exists nowadays pre marriage ) to the rescue". Alas I'm not all that positive about Gold over the next 3-4 months, although I'm not selling. The Israeli and Palestinian cousins continue to bash the bejayzus out of each other in a flight to the moral high ground and land of course, the Russian and Ukrainian cousins similarly and there are a dozen monsters leading countries here and there about to go down the path of war. gg [/QUOTE]

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