“1)  Sentiment is improving in peripheral Europe: The recent collapse in gold prices was precipitated by news that Cyprus may sell its gold holdings to assist in the recovery from its banking crisis.  2) Equities could tumble: Record strength in stock indices such as the Dow is not supported by macroeconomic fundamentals. 3) India’s monsoon season won’t last forever: Inhabitants of the world’s second most populous country are also the biggest buyers of gold jewellery. 4) The important Indian demand for gold isn’t all about jewellery: In some jurisdictions, notably India, gold counts as part of a bank’s liquidity ratio. 5) Retail investors are still buying.”

http://www.economicpolicyjournal.com/2013/05/wsj-five-reasons-why-gold-bulls-are.html

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