Data from India shows gold demand failed to pick up over Diwali weekend, a time when gold buying is usually high. Gold retailers in India are referring to this festival as the worst in 20 years in terms of gold demand. However, with every cloud comes, literally, a silver lining.
Gold edged up a bit on Monday, limiting the fall after the better than expected US jobs number sent the yellow metal downward to a two month low. The US dollar limited gold’s rebound as investors parked money there before the US election.
A fantasy of growing and infinite demand and inelastic prices (prices not driven by simple supply and demand) increasing without limit, has placed the most emphasis on those rare-earth juniors who say that they will produce in the near term.
Chinese domestic demand growth for the rare-earth-permanent-magnet metals neodymium and dysprosium over the next five years, will be influenced and determined by the new Chinese economic development Five-Year Plan.