India’s gold market and a potential major drop in demand – Does it matter to price?

July 14, 2021

Jayant Bhandari joins me this morning to share his insights on future gold demand in India. Currently in India, Jayant is basing his assessment of future demand on what he sees in the streets in terms of poverty and recent pay cuts. We discuss which country or other entity could pick up this drop in demand and if it will have an impact on the underlying price.

Jayant also shares a couple stocks he likes for short term opportunities. These stocks include the arbitrage in the merger between AuStar Gold and White Rock Minerals, as well as investing in the warrants of Grand Columbia Gold.

    Jul 14, 2021 14:53 AM

    Buy HSTXF @ .8422

    Jul 14, 2021 14:21 AM

    HSTXF- More fills @ .8339

    Jul 14, 2021 14:34 AM

    There is some serious short selling in the shares occurring and no buying. Names just keep falling on no news and a rising gold price to boot. Novo down on a rising gold price lol. Is there a name more hated? NuLegacy already trading like assays suck. Irving down 66% from its high. I see names down 50% on nothing profound.

      Jul 14, 2021 14:01 PM

      Novo..They take a lickin but they keep on tickin.

        Jul 15, 2021 15:32 PM

        Really interesting to hear what it taking place in India from both an economic and social perspective. It is very disconcerting to say the least.

    Jul 14, 2021 14:04 AM

    Criticising is very much justified but that doesn’t work.
    Join the Indian politics with other brilliant minds and bring a change.
    …… A follower in Facebook

    Jul 14, 2021 14:34 AM

    Thanks for Jayant. Glad he still likes Gran Colombia. I will keep the common shares as I expect big dividends when gold goes to 8K. I will keep my White Rock too.

    Jul 14, 2021 14:10 PM

    GLD is right up against falling Bollinger band resistance so the stall makes perfect sense. However, that BB has already been pushed up slightly and will “allow” GLD/gold to continue higher when it clearly points up in coming days.

    Jul 14, 2021 14:13 PM

    Despite giving back most of its gains yesterday, the XAU still achieved a daily MACD buy signal to confirm the earlier ones of gold and the gold miners (HUI, GDX).

    Jul 14, 2021 14:30 PM

    Completely sympathetic what Jayant is going through now in India,, the first attack of poverty was the stupid demontizeation of the old notes. It crippled the economy in 2016, this covid crisis is disastrous also. But once 2023 comes and the norms are relaxed, gradually the situation will slowly work into better times, completely nwith Jayant.

    But…….. Where Jayant comes from maybe like that, some cites have opened up for tourism in india,. Manali,.
    Then Mumbai will also open up.. slowly thing will also be good, the film industry is in Mumbai, people are starting to come back frommsmall cities to Mumbai..
    Uncontrolled pandemic country which has been totally different than the rest of the world, I’m equally sad to see all this, hope he does something for the city cos India is not well off , no social security, no insurance no nothing…
    Sad but this is reality, take care


    Jul 18, 2021 18:38 PM

    Jayant is correct. China is normalized for over a year. People are busier than ever. My friends said that they have to decline some export orders because they have got too many orders from outside of the country than they can deliver. This may contribute to the inflation in the west.