Active TopicsActive Topics  Display List of Forum MembersMemberlist  CalendarCalendar  Search The ForumSearch  HelpHelp
  RegisterRegister  LoginLogin

Bullion - Wil it come back in demand?
 The Equity Desk Forum :Economy, Markets and commodities :Commodities - Gurus call it the best hedge in current times :Bullion - Wil it come back in demand?
Message Icon Topic: GOLD ETF: Sona kitna sona hain? Post Reply Post New Topic
<< Prev Page  of 11 Next >>
Author Message
MissingLink
Senior Member
Senior Member
Avatar

Joined: 26/Aug/2008
Location: India
Online Status: Offline
Posts: 270
Quote MissingLink Replybullet Posted: 20/Feb/2009 at 8:46am

India Paper Gold Buying Shoots Up

http://online.wsj.com/article/SB123503028764620693.html?mod=googlenews_wsj


Missing a train is only painful if you run after it! Not Matching the idea of success others expect from you is only painful if thats what you are seeking.
-- Nassim Nicholas Taleb
IP IP Logged
PrashantS
Senior Member
Senior Member


Joined: 14/Oct/2006
Online Status: Offline
Posts: 1294
Quote PrashantS Replybullet Posted: 21/Feb/2009 at 12:05pm
well Time is ripe for gold to tank 40 50 % ...but just like the sensex  at 21k the momentum is on 
IP IP Logged
kulman
Senior Member
Senior Member
Avatar

Joined: 02/Sep/2006
Location: India
Online Status: Offline
Posts: 9319
Quote kulman Replybullet Posted: 21/Feb/2009 at 12:43pm
Yeah, thinking the market is going the wrong way is generally enough to keep it going.

Earlier we were talking of once-in-a-five-generation rally in equities and now the view is just the opposite. Let's see...interesting times are ahead of us.
Life can only be understood backwards—but it must be lived forwards
IP IP Logged
basant
Admin Group
Admin Group
Avatar

Joined: 01/Jan/2006
Location: India
Online Status: Offline
Posts: 18403
Quote basant Replybullet Posted: 21/Feb/2009 at 1:41pm
Originally posted by MissingLink


India Paper Gold Buying Shoots Up

http://online.wsj.com/article/SB123503028764620693.html?mod=googlenews_wsj


 
Wow! Indians buy paper gold whereas they are expected to shun jewellery. How can one be bullish on one and bearish on another?
 
My sense is finally the retailers will buy like never before also with gold one does not know the unaccounted quantity that people are holding because this is the best place to park black money.
 
Unlike a stock market where the daily volume is calcukarted and the demat accounts accessed there is no yardstick to know what is actually happening at ground zero!
 
Technically I presume that gold could move to around US$ 2400 though I would never bet on chart patterns. The last time gold saw a low of 100 and rallied 8 times to the peak. This time's low was US$300 and a eight timer from there means US$2400 though this time can and cannot be different.
 
But if it doubles from here we should have an exit plan for gold becauise the highs of US$ 800 in 1980 took 28 years to cross.
 
I am personally creating my plan to ease myself out of this metal but not immediately because a breakout in 28 years cannot(may not) fizzle out in 28 months!!!Smile
 
'The Thoughtful Investor: A Journey to Financial Freedom Through Stock Market Investing' - A Book on Equity Investing especially for Indian Investors. Book your copy now: www.thethoughtfulinvestor.in
IP IP Logged
prashantmohta
Senior Member
Senior Member


Joined: 23/Jul/2006
Location: India
Online Status: Offline
Posts: 1074
Quote prashantmohta Replybullet Posted: 21/Feb/2009 at 4:18pm
 List of Senior Gold Mining Stocks
  • Barrick Gold ………….No 1 by size and market cap
  • Newmont
  • Kinross Gold
  • Freeport McMoran
  • Anglo Gold Ashanti
  • Goldcorp
  • Newcrest Gold Fields
  • Harmony
  • Eldorado Gold
  • IAMGOLD
  • Lihir Gold
  • Centerra Gold
  • Highland Gold
  • Hecla Mining
  • Jaguar Mining
  • Berna Gold
  • Glamis Gold
  • Agnico-Eagle Mines
  • Celtic Resources
  • Yamana Resources
  • High River Gold Mines
  • Western Areas
  • Meridian Gold
  • Peter Hambro Mining
  • Cambior
IP IP Logged
prashantmohta
Senior Member
Senior Member


Joined: 23/Jul/2006
Location: India
Online Status: Offline
Posts: 1074
Quote prashantmohta Replybullet Posted: 21/Feb/2009 at 4:24pm
interesting to see that while gold has crossed 1000 mark but gold mining stocks are not moving in tandem.they made new high in 2006?????
IP IP Logged
MissingLink
Senior Member
Senior Member
Avatar

Joined: 26/Aug/2008
Location: India
Online Status: Offline
Posts: 270
Quote MissingLink Replybullet Posted: 21/Feb/2009 at 4:46pm
Originally posted by basant

Originally posted by MissingLink


India Paper Gold Buying Shoots Up

http://online.wsj.com/article/SB123503028764620693.html?mod=googlenews_wsj


 
Wow! Indians buy paper gold whereas they are expected to shun jewellery. How can one be bullish on one and bearish on another?
 
My sense is finally the retailers will buy like never before also with gold one does not know the unaccounted quantity that people are holding because this is the best place to park black money.
 
Unlike a stock market where the daily volume is calcukarted and the demat accounts accessed there is no yardstick to know what is actually happening at ground zero!
 
Technically I presume that gold could move to around US$ 2400 though I would never bet on chart patterns. The last time gold saw a low of 100 and rallied 8 times to the peak. This time's low was US$300 and a eight timer from there means US$2400 though this time can and cannot be different.
 
But if it doubles from here we should have an exit plan for gold becauise the highs of US$ 800 in 1980 took 28 years to cross.
 
I am personally creating my plan to ease myself out of this metal but not immediately because a breakout in 28 years cannot(may not) fizzle out in 28 months!!!Smile
 


one suggession, I suggest you hold on till the currency issue is resolved.
keeping aside all the talk about charts and  inflation adjusted current value of gold,  the recent  demand is basically  in response to the currency crisis. So one should hold on till this gets resolved or atleast till the light is visible at the end of the tunnel.

Heard somewhere that central banks are planning to put a stop on sale of their gold reserves... Interesting times ahead for gold.
Missing a train is only painful if you run after it! Not Matching the idea of success others expect from you is only painful if thats what you are seeking.
-- Nassim Nicholas Taleb
IP IP Logged
MissingLink
Senior Member
Senior Member
Avatar

Joined: 26/Aug/2008
Location: India
Online Status: Offline
Posts: 270
Quote MissingLink Replybullet Posted: 23/Feb/2009 at 7:31am
Missing a train is only painful if you run after it! Not Matching the idea of success others expect from you is only painful if thats what you are seeking.
-- Nassim Nicholas Taleb
IP IP Logged
<< Prev Page  of 11 Next >>
Post Reply Post New Topic
Printable version Printable version

Forum Jump
You cannot post new topics in this forum
You cannot reply to topics in this forum
You cannot delete your posts in this forum
You cannot edit your posts in this forum
You cannot create polls in this forum
You cannot vote in polls in this forum



This page was generated in 0.344 seconds.
Bookmark this Page