| inbluevt | Date: Thursday, 2013/08/08, 8:39 AM | Message # 1 | DMCA |
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It has been over a month since I wrote "Is India About To Set The Silver Market On Fire?".The premise of the previous article was that silver (SLV) (PSLV) may have found a catalyst for a major advance due to developments in India. Restrictions on purchases of gold (GLD) in India, as described in the article, have had a major impact on the volume of gold imports- at least the official numbers.Smuggling of gold into India is experiencing a sharp rise as detailed in this Wall Street Journal article, but these numbers are impossible to know with any precision. Efforts by
the Indian government to restrict smuggling are also on the rise.With such massive gold demand unfilled, the question is: would some of the unfilled gold demand flow into silver?It seemed that an article in the Business Standard provided the first clue that dealers were making major purchases of silver in anticipation of public demand.
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