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chimak10
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Joined: 30/Aug/2007
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   Posted: 15/Apr/2009 at 10:55pm |
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well catcall sir..........i don't know much about GOLD...........but read one interview of JIM ROGERS.........he was negative on gold.........he was of the opinion that IMF is goning to sell its gold and since IMF has very large portion of gold holding..........he was negative on gold.
the interview was on bloomberg........u may find it over there.
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catcall
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Posted: 16/Apr/2009 at 9:21pm |
Originally posted by chimak10
well catcall sir..........i don't know much about GOLD...........but read one interview of JIM ROGERS.........he was negative on gold.........he was of the opinion that IMF is goning to sell its gold and since IMF has very large portion of gold holding..........he was negative on gold.
the interview was on bloomberg........u may find it over there. |
chimakji, yes the IMF story is known, but unlikely to have a major impact (see my post earlier on this thread).. but I agree that a long term call on gold is difficult given the current senario. The only point I am making is that the range bould trade in gold is giving a good trading opportunity... even I write this post gold is back to the 880$ mark... it is on this time of the day that it normally makes the sharpest moves, with US markets opening...
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There are two times in a man's life when he should not speculate-when he can't afford it and when he can-Happy investing!
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paragdesai
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Posted: 16/Apr/2009 at 7:24am |
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Don't know much about though what I understand from reading various article that I came across overall conclusion is at some point of time there will be a lost of trust in Paper money around the world & people will run to buy physical gold.
Catcallji,
What U mentioning is the price of gold on Electronic Exchange like stock market? Do u know is there any difference between cost of physical gold & exchange price?
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Luck is what happens when preparation meets opportunity ....
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chimak10
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Joined: 30/Aug/2007
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Posted: 16/Apr/2009 at 9:16am |
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Please catcall don't call me chimakjee..........
i am tired of adding jee and sir's to username.........maybe this is the only forum in the world.....where everybody adds jeess........and sirssssssss
this kindda respect might be worthy of inclusion in some kindda of record book
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catcall
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Posted: 20/Apr/2009 at 7:10pm |
Noted Chimak... will take care.
on paragdesai(ji's) question, yes, there is always a proce difference between the price of the gold price electronically and the physical price , I have found that it also differs from city to city, as you move further away from metros, the price tends to increase. On querying for the reason, i was told it was due to "transportation costs", though this does not quite gel. I have found that the cost is higher by @200~400 Rs. for a 10 gm 24 carat gold coin..
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There are two times in a man's life when he should not speculate-when he can't afford it and when he can-Happy investing!
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catcall
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Posted: 25/Apr/2009 at 2:49pm |
Originally posted by catcall
Originally posted by catcall
For those interested in Golf ETF trades:
Gold has corrected considerably and is near to it's strong support base of 880$/ounce (currently at 893). Worth a trading call on gold since the price has seen sharp jump ups from this support thrice on the 60day chart! |
Gold has once again seen a spike up from around the 880$ for the fourth time. Everytime the gold corrects to this level, traders seem be be building up positions and then waiting for the shoot up. This band from 880 $ to 900$ is proving to be quite a "gold"mine! |
For those who have taken position in Gold at 880$ level, gold is now at 913... worth booking profits by Akshya Tritya (27th)....
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There are two times in a man's life when he should not speculate-when he can't afford it and when he can-Happy investing!
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Hitesh Shah
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Joined: 12/Oct/2008
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Posted: 25/Apr/2009 at 4:51pm |
Originally posted by catcall
....
For those who have taken position in Gold at 880$ level, gold is now at 913... worth booking profits by Akshya Tritya (27th).... |
Catcall sir ji, please talk in rupee j otherwise CPM, SP, etc. will get upset again...
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catcall
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Posted: 25/Apr/2009 at 5:51pm |
Originally posted by Hitesh Shah
Originally posted by catcall
....For those who have taken position in Gold at 880$ level, gold is now at 913... worth booking profits by Akshya Tritya (27th).... |
Catcall sir ji, please talk in rupeej otherwise CPM, SP, etc. will get upset again... |
Hiteshji, will hope against hope and continue with $ till 16th May, (after all, umeed pe duniya kayam hai!) After that, reluctantly, will move to Rupees 
On a serious note, the technicals supports are always in $ and the 880$ support is likewise indicated, the conversion in Rupees is not accurate, since the $ Vs Rs equation varies , which is why though the final trade may be in rs., the references are in dollars....
Miss Bubblevision on this thread.... 
Edited by catcall - 25/Apr/2009 at 6:16pm
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There are two times in a man's life when he should not speculate-when he can't afford it and when he can-Happy investing!
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