Jordan Roy-Byrne CMT, MFTA

India’s deal to buy 200 metric tons (6.4 million troy ounces) of gold from the International Monetary Fund (IMF) is a huge deal – not just the fact that the New Delhi government is handing over $6.7 billion for the metal, but what it may mean for gold going forward.

Since the USA will not default, not raise taxes nor cut spending, the only logical recourse will be to print vast sums of U.S. dollars to fund this surreal foray into deficit finance. In other words, reflate.

This is a commentary from Steve Saville, originally posted at 321gold.com

The naysayers have said gold was ready to fall at every step of its upward march toward $1,100. But the world can’t get enough of the shiny stuff.

Jesse shows some of the gains in junior miners (the speculative companies) in the 1970s.

A Post from Blogging Stocks. Barclays Capital Research reported that central banks placed 63% of new cash in non US currencies between April and July.

Fred Hickey writes the High Tech Strategist Newsletter. He is well known but is rarely seen in the media. Since 2000 his main trade has been Long Gold, Short Tech. Courtesy of Zero Hedge, here are some of his thoughts on Gold.

This was originally published October 26, by Nico Isaac of Elliot Wave. As you would expect, it is bearish on Gold, but worthwhile analysis nonetheless.

What the “Man Who Made Too Much” Says About Gold

Andrew Snyder of Today’s Financial News discusses the significance of India’s recent massive Gold purchase.