$GOLD News and Moves-India wants more?

First, the moves overnight-Gold hit another new record as it briefly touched $1,180 after THE INDIA REPORT has been hitting the wires~Gold for December delivery rose to a fresh contract high of $1,180 an ounce in electronic trading on Globex-

“The move higher was boosted by fund names and good interest from [Tokyo Commodity Exchange] buyers after the market responded to reports that India is open to buying more gold from the IMF,” said analysts at Action Economics.

The Financial Chronicle newspaper reported that India’s central bank may buy the 201.3 tons of gold the International Monetary Fund is selling on terms now being negotiated==>>India is open to buying more gold from the International Monetary Fund (IMF). It bought 200 tonnes for $6.7 billion on November 3. The Reserve Bank of India (RBI) may well buy IMF’s remaining hoard of 201.3 tonnes on acceptable terms, which are now under negotiation.
A government official said that the additional purchase would depend on the “successful pitching by RBI”. “RBI is an independent body, and the government does not interfere in its affairs. It will get the gold if its bid is successful and at the price it has offered,” said the official.

RBI did not respond to Financial Chronicle questions if it was bidding for the remaining IMF gold. The purchase of the first lot of 200 tonnes, RBI had said at the time, was a part of its foreign exchange reserves management operations.
Responding to query from FC, an IMF spokesperson said the gold sale process was still under way and “there is no fixed timetable for completing the sale”. Its spokesperson further said that “the fund does not wish to comment on discussions with individual members.”                                 http://www.mydigitalfc.com/pla.....ld-imf-410 (Interesting their Prime Minister is visiting US now…hmmmm)

Also, the past few days it has been noted and reported from the WSJ, the fleets of armored trucks moving gold out of Manhatton.  It seems HSBC is telling folks to move their gold stored in one one of the largest vaults to somewhere else~~(Question, WHO are they making room for there-Any guesses?)http://online.wsj.com/article/.....lenews_wsj

• HSBC has told retail clients to remove their small holdings from its fortress beneath its tower on New York City’s Fifth Avenue.
  Investors have been loading up on bullion and coins. One big problem now is where to store it. The solution from HSBC, owner of one of the biggest vaults in the U.S.: somewhere else
• HSBC refused to comment to the WSJ about this reverse gold rush because of “security concerns”. But sources have told the paper that owners of vaults and warehouses across the United States have had to jump to action after HSBC issued an edict that it wanted retail investors to remove their bullion to make space for big institutional customers.

Also covered with article here  http://www.thefirstpost.co.uk/.....-with-gold

And, let’s not forget the weak weak dollar which circles all this (it seems everyone shorting their own currency and going to gold)!  Here’s a interesting video link from over at CNBC on the dollar/currency trades and gold -FED downplaying WEAK Dollar

  http://www.cnbc.com/id/1584023.....amp;play=1