Why would they panic, Skol? Unlike Westerners they buy gold less for quick fire capital gain, and more to celebrate harvest, weddings, and as a long term investment and inheritance for their children. They won't mind if it gets cheaper this year...they will see that as an opportunity to buy up more, faster-tracking the transition of Gold from West to East.
Even though you've been kicked off Hot Copper, are you still able to see this post?
http://hotcopper.com.au/post_single....8#.U4e0HygVrHg
Sometime soon, the price of Gold will touch it's long-term upward trend-line. End of June is my guess, about the same time that seasonal spikes kick in to coincide with July-Oct Indian gold buying for Weddings and Harvests.