I don't get worked up about any gold story that relies on India's jewelry purchases in order to spur demand. Ultimately, Indian Jewelry is going to be a little thing. In fact, I would think that with gold prices being this high, typical Indians (who buy gold as security for their girls since, by law, it is the only possession of a bride that does not become the property of the groom) would shift their interest to other metals. Silver and palladium make for nice trinkets too, after all.
Stimulus from China could make gold hit $1800 per ounce
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Another round of economic stimulus measures from central banks, including China's, could still help gold break this year's high of around $1,790, although prices may only go up to $1,800, said Tan.
The last time gold prices hit $1,800 was in November 2011.
After the next round of stimulus we probably wouldn't see much of an action towards the end of the year so it's likely to hold steady. There's no catalyst for gold to move higher after that, she said.
U.S. gold futures for December delivery were down 0.2 percent at $1,768.60 an ounce.
With investment demand gradually increasing and technical momentum positive, we think it is only a matter of time before gold prices make a first breakthrough attempt at $1,800, Credit Suisse said in a note.
Physical gold demand could pick up over the next two months during the wedding season in top consumer India, Tan said.
http://www.allaboutmarkets.com/2012/09/stimulus-from-china-could-make-gold-hit.html#!/2012/09/stimulus-from-china-could-make-gold-hit.html
Gold is $1,581/oz today. When it hits $2,000, it will be up 26.5%. Let's see how long that takes. - De 3/11/2013 - ANSWER: 7 Years, 5 Months
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