India’s central bank, which has increased its gold holdings to diversify its reserves, looks set to be a buyer again when the International Monetary Fund begins selling 191.3 tonnes of the precious metal amid volatility in major currencies...The uncertain outlook for two of the world’s major reserve currencies — the dollar and euro — provides a spur for central banks, including India’s, to buy gold. India’s gold holdings lag those of major economies despite a big purchase in October.Here's the full link: India Wants More Gold
This reinforces the idea that the 191 tons of IMF gold for sale is the only large chunk of gold available in the context of the current price range ($1000 - 1200/oz.). This raises the possibility that the big buyers of gold out there, once this 191 tons clears the market, could be motivated to drive the price of gold a lot higher, up to the next price level at which a large seller might be induced to put a large "chunk" up for auction.
2010 could be a very interesting year for the yellow dog.