demand is going to collapse for this pig. mining leaps have nothing to do with it.
Indians were the primary consumers of gold. They are broke now and have to pay 10% on the dollars that they have borrowed to buy gold. Since gold does not pay interest that money will never be paid off
so where will the Indians find money to buy more gold.
Holding 1.6 million oz if they start liquidating with no bid the price is down to 300.
India is a busted society, I was mortified when I read about all the missing women, all the elective abortions because females aren't wanted. All the lonely men who can't find brides. They need to tear that society down and rebuild it.