This msg is a repeat of my posting in Grains section in response to NCDEX query.
NCDEX ji, I too missed the major part of the rally though i had an early entry at almost 6900 levels. Just like the sensex this appears to be a disbelief rally and I really dont understand the underlying reasons for this. Some say its the petro dollars flowing into Gold, some say US itself is buying a lot of gold to hedge against thier potentailly weak dollar etc etc.,
There are some experienced people like natlius whose opinions can be invited in the Gold thread. I'm posting the same there as well. Some elliot analyists can shed thier opinons on the behaviour of gold and silver.