GOLD ETF: Sona kitna sona hain?
Printed From: The Equity Desk
Category: Economy, Markets and commodities
Forum Name: Bullion - Wil it come back in demand?
Forum Discription: Marc faber, Jim Rogers have all opined that gold and silver will be in deamnd. Marc opines that the Gold should outperform the S&P 500 over the next decade. What do you say
URL: http://www.theequitydesk.com/forum/forum_posts.asp?TID=762
Printed Date: 20/Apr/2025 at 5:27pm
Topic: GOLD ETF: Sona kitna sona hain?
Posted By: kulman
Subject: GOLD ETF: Sona kitna sona hain?
Date Posted: 17/Feb/2007 at 9:16pm
This would be traded on NSE. Is it worth it compared to say physically buying or leveraged trading on MCX/NCDEX?------------- Life can only be understood backwards—but it must be lived forwards |
Replies:
Posted By: us121
Date Posted: 17/Feb/2007 at 10:16am
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i am not very much bullish on this for several reasons:
1. gold is best tool for taking care of un accounted money. not possible through ETF
2. they have recurring cost of about 1 to 1.5% every year for your portfolio. this eats away good amount of money if looked at with the effect of compounding diminishing retrun from what you loose in that.
3. if one is really looking for gold as a tool of need e.g. marriages in family etc. than physicall form of purchase is much better
4. many more gold ETFs are entering the market. TATA has also filed the papers. may be worth waiting for some time before jumping in the same. ------------- ABILITY will get u at d top. CHARACTER will retain u at d top |
Posted By: kulman
Date Posted: 17/Feb/2007 at 11:06am
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Thanks us121.....I tend to agree with your views.
------------- Life can only be understood backwards—but it must be lived forwards |
Posted By: BubbleVision
Date Posted: 17/Feb/2007 at 11:28am
Kulman - Leveraged Trading on MCX and NCDEX is far more easier ...with lots of liquidity! ------------- You can't make money if you are unwilling to lose...It's like willing to breathe in but not willing to breathe out. -- ED SEYKOTA ....Read Disclaimer! |
Posted By: kulman
Date Posted: 19/Feb/2007 at 3:52pm
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.....MCX and NCDEX is far more easier ...with lots of liquidity!
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BubbleVision....u mean the state of affairs in punter's trousers?  ------------- Life can only be understood backwards—but it must be lived forwards |
Posted By: BubbleVision
Date Posted: 19/Feb/2007 at 3:56pm
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You understand very very well!
Liquid and Liquidity! ------------- You can't make money if you are unwilling to lose...It's like willing to breathe in but not willing to breathe out. -- ED SEYKOTA ....Read Disclaimer! |
Posted By: kulman
Date Posted: 19/Feb/2007 at 4:05pm
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Gold as an investment avenue has in some sense failed to deliver over the long-term. In fact, over the last 17 years, gold has appreciated by only 8.6% CAGR - Compounded Annualised Growth Rate. This compares not so well with other investment avenues like the stock markets (the return from the BSE Sensex over the same period is about two times more than what gold has delivered).
Being an ETF, the performance of Gold BeES will be closely linked to that of the domestic gold price. As we have commented earlier, over the long-term (17 years) gold has not been a great performer as a standalone investment avenue compared to other asset classes like equities, debt and real estate. However, from a diversification perspective it has high utility in a portfolio.
Given the relatively high entry load charged by the fund house during the NFO period, investors, who intend investing in gold, should avoid Gold BeES during the NFO period. They can consider investing in the ETF after the NFO period when it gets listed in the stock exchange. As mentioned earlier, brokerage paid to a stock broker is a lot lower than the entry load charged by the fund house during the NFO. This is a view http://www.personalfn.com/research-it/mutual-funds/ipo/bees.asp - by PERSONALfN
------------- Life can only be understood backwards—but it must be lived forwards |
Posted By: BubbleVision
Date Posted: 19/Feb/2007 at 4:38pm
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That 17 years takes into account the biggest Secular Bear Market in Commodities (and Gold)... in the last 50 years. That however is NOT the Case now.
Most of the Technecians are bearish on Commodities because the CRB has broken below its overall trendline which was in place since 2001. However ... the Composition of CRB changed in 2005, where the weightage of crude (and energy) went up from 10% to 40%...
If this change in CRB had NOT taken place then even after the selloff in Copper and Crude ... the CRB would have been in an uptrend...
So the Index which broke below the important Technical Support trendline... was a different one..and Commodities (as defined by the Unrevised index and the correct Index in my view) is still in an UPTREND.
The INDEX which was with even weightage (till 2005) still trades in NYBOT as CCI ...
I am NOT bearish on Commodities ... But i may be bearish from time to time on specific commodities... Dont take my view on Copper to be a call on Base Metals Complex..
Look at the performance of Gold over a Secular bull market (1966-1981) and a Secular bear market (1981 - 2001).
------------- You can't make money if you are unwilling to lose...It's like willing to breathe in but not willing to breathe out. -- ED SEYKOTA ....Read Disclaimer! |
Posted By: PrashantS
Date Posted: 19/Feb/2007 at 5:09pm
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if the commodities bull market is on and with demand supply gap and considering gold is the best hedge against inflation......GOld could go to different level ...which are the best funds in ETF .... If some Teddies have young daughters "i think it is could time to accumalate slowly" |
Posted By: kulman
Date Posted: 19/Feb/2007 at 8:26pm
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http://www.livemint.com/2007/02/19184530/UTI-expects-equity-investors-t.htx - UTI expects equity investors to go for its gold ETFs (source: livemint.com)
UTI Asset Management Co. Pvt. Ltd. envisages the rapidly-growing class of Indian equity investors to be the first takers of its gold exchange-traded fund (ETF), company officials said on 19 February.
The ETF would be listed on the National Stock Exchange (NSE) in April with one unit of the fund representing approximately one gram of gold.Sinha said there were about 20 million investors in the equity market who would be the ideal target for the gold ETF.
“Even if they put in 10 % of their portfolio into gold ETFs, it would be a substantial investment,” he said.“This would be a supplement to the equity portfolio,” A.K. Sridhar, chief investment officer of UTI Asset Management, added. Sinha said India accounts for 35 % of global retail investment demand in gold, making it an attractive destination for gold ETFs.
The fund would face competition from Benchmark Asset Management Co. Pvt. Ltd., which is already taking applications, and at least four other companies who have sought the market regulator’s approval for gold ETFs. Benchmark’s minimum subscription amount is half that of UTI mutual.
Globally, at least 10 gold ETFs have generated considerable interest among those dealing in the bullion market as their total stock of gold - around 600 tonnes - has often influenced market sentiment.*
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BubbleVision......please comment*
------------- Life can only be understood backwards—but it must be lived forwards |
Posted By: BubbleVision
Date Posted: 19/Feb/2007 at 6:23am
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Yes we know what the sentiment can do..Just see what SILVER did in its run up to the launch of its own ETF ..(i think by Barclays)....and what it did subsequently after the launch. ------------- You can't make money if you are unwilling to lose...It's like willing to breathe in but not willing to breathe out. -- ED SEYKOTA ....Read Disclaimer! |
Posted By: kulman
Date Posted: 19/Mar/2007 at 5:25pm
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http://www.thehindubusinessline.com/businessline/blnus/05191305.htm - Gold Benchmark ETF lists on NSE
Country's first gold ETF -- Gold Benchmark Exchange Traded Scheme - on Monday listed at Rs 1,000 per unit on the NSE.
The gold benchmark ETF (Gold BeES) touched an intra-day high of Rs 1,105 and a low of Rs 940, while 30.484 units have exchanged hands on the NSE. The ETF was trading at Rs 949.10 per unit in the mid-day trade and the face value of the Gold BeES is Rs 100 each. One unit of the scheme is equivalent to one gram of gold. The scheme, whose initial public offering closed on February 23, re-opened for fresh investments and sales on March 16. Gold BeES is intended to offer investors a means of participating in the gold bullion market without taking physical delivery of gold and to buy and sell on NSE. Gold BeES is likely to provide returns that, before expenses, closely correspond to the returns provided by domestic price of gold through physical Gold. However, the performance of the scheme may differ from that of the domestic prices of Gold due to expenses and certain other factors. The scheme was launched on February 15, 2007. The performance of the scheme will be benchmarked against the price of gold. ----------------------
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Bubblevision, if I put a gun to your head and ask : "Gold on MCX or Gold ETF on NSE?". What would you do?
------------- Life can only be understood backwards—but it must be lived forwards |
Posted By: BubbleVision
Date Posted: 19/Mar/2007 at 5:30pm
Gold on MCX.... Leverage ka previlage hain
I expect the Liquidity on the ETF to taper off after a few days! I wish that I am wrong!!!! ------------- You can't make money if you are unwilling to lose...It's like willing to breathe in but not willing to breathe out. -- ED SEYKOTA ....Read Disclaimer! |
Posted By: kulman
Date Posted: 31/Mar/2007 at 2:31am
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Gold: Not always a bright idea
Aarati Krishnan
 The table captures 5-year and 10-year returns for gold and the Indian equity market between 1997 and 2007 on a rolling basis, at monthly intervals. Equities have delivered superior returns, with a lower possibility of losses over this period. Gold prices are London prices, in dollar terms. *No. of months investor would have made a loss, out of total. Complete article is http://www.thehindubusinessline.com/iw/2007/04/01/stories/2007040101240700.htm - here on BL
------------- Life can only be understood backwards—but it must be lived forwards |
Posted By: basant
Date Posted: 31/Mar/2007 at 10:30am
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Kulmanji something of the same order was discussed on another thread where we compared Gold with bonds and equity. It transpired that gold was just as good an inflation hedge and nothing else. This is link to that thread:
http://www.theequitydesk.com/forum/forum_posts.asp?TID=81 - http://www.theequitydesk.com/forum/forum_posts.asp?TID=81 ------------- '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 |
Posted By: kg
Date Posted: 02/Sep/2007 at 9:22pm
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how is gold gonna behave if there is a interest rate cut in US ? ------------- Lets rock |
Posted By: Mr. V
Date Posted: 02/Sep/2007 at 2:29am
| Rate Cut ==> Higher Inflation ==> Higher Gold prices |
Posted By: BubbleVision
Date Posted: 08/Nov/2007 at 11:41am
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The Price action of Gold and Crude in the last few days should have convinced everyone of the old age quote…. “Currencies don’t float, they only sink in Value”…………. ------------- You can't make money if you are unwilling to lose...It's like willing to breathe in but not willing to breathe out. -- ED SEYKOTA ....Read Disclaimer! |
Posted By: PrashantS
Date Posted: 09/Nov/2007 at 12:18pm
| they say gold can go as high as 1000$.....they way it is moving i guess 1000 is just a few weeks away...but i guess in India how does it matter ....people will buy anyway whther it is 600 ,800 or 1000 |
Posted By: BubbleVision
Date Posted: 09/Nov/2007 at 12:21pm
HAHAHAHA  ------------- You can't make money if you are unwilling to lose...It's like willing to breathe in but not willing to breathe out. -- ED SEYKOTA ....Read Disclaimer! |
Posted By: tigershark
Date Posted: 09/Nov/2007 at 2:44pm
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how ben bernanke would have loved to print gold! ------------- understanding both the power of compound return and the difficulty getting it is the heart and soul of understanding a lot of things |
Posted By: basant
Date Posted: 09/Nov/2007 at 3:27pm
Well I know some jewellers who do that in Kolkata  ------------- '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 |
Posted By: manishdave
Date Posted: 09/Nov/2007 at 10:07pm
To understand this quote example of GBP is good. It is called Pound because it was equal to one pound of silver. Try to calculate how many pounds one needs to get 1 POUND of silver. And this is even after historical cheap energy, historical technology/innovative processes in history of mankind.
US constitution had DEATH PENALTY for anybody who moved away from gold standard(debasing of currency). Anybody was free to print coins(except ppl in Kolkota known to Basant).
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Posted By: manishdave
Date Posted: 09/Nov/2007 at 10:20pm
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Tigerji,
If Ben could printed gold, your home would be running electric wires from gold. Check out my post on aluminium. Aluminium was much more expensive than gold not long time back. Then some people would devote their life to find process converting gold into mercury.
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Posted By: BubbleVision
Date Posted: 09/Nov/2007 at 10:18am
Thanks ManishJee, I knew why GBP-USD was known as "Cable", but not why GBP was known as "Pound". ------------- You can't make money if you are unwilling to lose...It's like willing to breathe in but not willing to breathe out. -- ED SEYKOTA ....Read Disclaimer! |
Posted By: gopal
Date Posted: 17/Feb/2008 at 7:03pm
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Dear TEDies,
After going through many mails which show that stock exchanges may be very volatile so one should make investmets in metal commodity ...... some how I agree with the principal but not the method.
I think rather then playing metals on commodity exchange an investor can make fresh investment equall to 10 % of his portfolio in pure gold & platinum (but in the real metal that can be kept at home or in safe)
What do all think of this .... this must be better .... what do ya all say
thnx ------------- Women are like the stock market Coz they're irrational n can bankrupt u if u're not careful |
Posted By: BubbleVision
Date Posted: 17/Mar/2008 at 4:11pm
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Fwiw... The only thing which is Rallying today is GOLD and Silver!!! ------------- You can't make money if you are unwilling to lose...It's like willing to breathe in but not willing to breathe out. -- ED SEYKOTA ....Read Disclaimer! |
Posted By: italics
Date Posted: 17/Mar/2008 at 4:41pm
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The time to buy gold is not now - when the world and their uncle are all running to gold - the time to buy was a year ago!
Sit on cash for the moment and wait for the dust to clear. Then go shopping amongst the most unloved, un newsworthy asset classes and chances are we might make some money.
Else we're all just waiting for the greater fool. And chances are it is us.
Just my humble opinion!
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Posted By: deveshkayal
Date Posted: 17/Mar/2008 at 10:17pm
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The best way to play GOLD is ICICI Gold Credit Card. What's more, its free !!! ------------- "You don't need to be a rocket scientist. Investing is not a game where the guy with the 160 IQ beat the guy with a 130 IQ. Rationality is essential"- Warren Buffett |
Posted By: gopal
Date Posted: 27/Mar/2008 at 7:18pm
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any one on TED know the price of platinum per gram ...... further what has been the history of investment in precious metal platinum in commodities
I am just curios to know that apart from silver & gold , how the rest of the precious metals have given returns
------------- Women are like the stock market Coz they're irrational n can bankrupt u if u're not careful |
Posted By: catcall
Date Posted: 27/Mar/2008 at 7:43pm
Platinum is at @ 2010$ /ounce, this is from a low of @1118$ in January 2007 so you can work out the YTD appreciation, similarly Rodhium as moved from a low of 5900$ in amy 2007 to 9375$ last month, however , there is s lot of speculative activity here too, which is brought out from the fact that precious metals which are not regularly traded on teh LME (e.gZirconuim) has seen a comparatively steady movements over the same period ------------- 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! |
Posted By: BubbleVision
Date Posted: 01/Apr/2008 at 8:55pm
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OK........There she goes....Pukes Gold getting obliterated today...Down 38 bucks now at 877.xx. Silver following like second cousin.
Suddenly everyone realised that "It is worthless". LOL
------------- You can't make money if you are unwilling to lose...It's like willing to breathe in but not willing to breathe out. -- ED SEYKOTA ....Read Disclaimer! |
Posted By: gopal
Date Posted: 01/Apr/2008 at 9:00pm
Posted By: prashantmohta
Date Posted: 01/Apr/2008 at 9:13pm
ramesh damani asked everyone to buy gold.
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Posted By: kulman
Date Posted: 25/May/2008 at 6:19pm
A good article http://www.thehindubusinessline.com/iw/2008/05/25/stories/2008052550791300.htm - here .
In love with gold? Would you call something that returns just 0.80 per cent over inflation an investment at all? By
buying gold, we are limiting our economic progress, as the metal is
locked up in our houses and lockers and on ourselves as jewellery. 
....if you truly love your children/friend/spouse, do not buy gold coins and jewellery; instead, buy them an index fund for the same value. ------------- Life can only be understood backwards—but it must be lived forwards |
Posted By: basant
Date Posted: 25/May/2008 at 7:50pm
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Why not Titan? ------------- '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 |
Posted By: PrashantS
Date Posted: 25/May/2008 at 11:46pm
| but if u buy gold and sell the taxman cant track it whereas buying gold funds can be tracked....correct me if i am wrong...basantji i read somewhere that the demand of gold in india is goign to tripple in India...titan watch to famous hey and tanisq mein bhi achi bhid hey |
Posted By: basant
Date Posted: 25/May/2008 at 12:27pm
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I have no idea of that tripling in demand and think that it is extremely aggressive a target to achieve anytime soon. But surely if you run a high single digit growth rate then sometime it should happen. Organized jewellery retailing is surely different since it is growing on shifts from the unorganized segment. ------------- '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 |
Posted By: catcall
Date Posted: 24/Dec/2008 at 9:32pm
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Gold is normally not considered good enough to beat inflation. However, with the historically seen (but recently reversed) Dollar-Gold inverse Relationship , any takes on the Gold bet in case of a major fall in the dollar?... ------------- 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! |
Posted By: ashishbarot
Date Posted: 24/Dec/2008 at 11:03am
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In India gold is never considered as investment which beats inflaition..........majority of people buy it bcauz they want to give it to their childrens and future generations and they buy keeping in mind that gold can be used for many purpose, like ocassions, investment and some have hobby to collect gold coins / Gini..... Thats why even when gold was 4k-5k per 10gms there was same demand.....correct me if i m wrong ------------- You do not require an invitation to make profits. |
Posted By: paragdesai
Date Posted: 24/Dec/2008 at 11:12am
| In India Gold is primarily bought due to Social Obligation which is our very old tradition & now a days since globalization I think it is bought to insulate one from devaluation of Rupee or local currency(gold can treat as reserve asset). At least I have these two views when I have to buy Gold. |
Posted By: kulman
Date Posted: 14/Jan/2009 at 9:05am
------------- Life can only be understood backwards—but it must be lived forwards |
Posted By: kanagala
Date Posted: 26/Jan/2009 at 10:48am
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Any chance of gold coming back to $700 range. Any technical analysis.
------------- While one person hesitates because he feels inferior, the other is busy making mistakes and becoming superior. |
Posted By: Hitesh Shah
Date Posted: 16/Feb/2009 at 11:01am
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Any one nibbling? I'm tempted to buy 1 (one) unit of GOLDBEES.... Did so @ 1490. BTW, I'm expert at buying at the peak. So you've been warned. ------------- |
Posted By: rakeshmehta48
Date Posted: 17/Feb/2009 at 3:39pm
Don't worry Hitesh,
It seems, Gold has a long way to go!
------------- Fund Management is Most Important |
Posted By: subu76
Date Posted: 17/Feb/2009 at 4:32pm
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Gold is offcourse doing record numbers in India today.
Peter sciff says the same thing. He keeps on talking how the values of all indices have gone down sharply wrt gold.
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Posted By: catcall
Date Posted: 17/Feb/2009 at 8:00am
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15000 breached on Gold and going strong, unlike the oil run, which fueled by speculation, this run is fueled by fear and if one does not expect the equity markets and world GDP growth in general to improve drastically in the near future, then one should expect this gold rally to continue much longer than the oil rally.... ------------- 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! |
Posted By: kulman
Date Posted: 17/Feb/2009 at 8:05am
Hmmm....so Gold would test Sensex high of 21000+ ...meanwhile, Sensex is sliding to test Gold's recent low of 6600. Would some promoters pledge their gold to raise money? Jai Ho! ------------- Life can only be understood backwards—but it must be lived forwards |
Posted By: subu76
Date Posted: 17/Feb/2009 at 10:39am
Trying to build on this with layman logic...
Between dollars and gold.....wouldn't I want to hold gold given the amount of printing activities the FED is indulging in?
Between dollars/gold/equity/commodities.... Don't know.
WB offcourse holds other currencies and stocks in other countries using somewhat similar logic.
|
Posted By: Hitesh Shah
Date Posted: 17/Feb/2009 at 10:46am
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Gold, via ETFs, is the easiest for amateurs to acquire and it can be done thoda, thoda. If we look at other commodities, it is more complicated. That of course doesn't make gold the best choice! ------------- |
Posted By: investor
Date Posted: 17/Feb/2009 at 10:54am
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nice analogy!
------------- The market is a place where people with money meet people with experience. The people with experience get the money while people with money get experience! |
Posted By: rakeshmehta48
Date Posted: 17/Feb/2009 at 11:01am
Gold backed ETFs are showing increase in physical holding almost on a daily basis.
I think the physical gold held by custudions, on behalf of ETFs, has crossed 1000 tonnes.
------------- Fund Management is Most Important |
Posted By: Circuit
Date Posted: 18/Feb/2009 at 12:10pm
 |
Posted By: Hitesh Shah
Date Posted: 18/Feb/2009 at 12:16pm
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We are having enough trouble securing the bronze bull outside the BSE!
------------- |
Posted By: ashishbarot
Date Posted: 18/Feb/2009 at 5:46pm
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http://specials.rediff.com/money/2009/feb/18sd1-gold-zooms-to-rs-16650.htm -
Gold Out Of Control
http://specials.rediff.com/money/2009/feb/18sd1-gold-zooms-to-rs-16650.htm ------------- You do not require an invitation to make profits. |
Posted By: Circuit
Date Posted: 18/Feb/2009 at 6:55pm
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http://timesofindia.indiatimes.com/Entertainment/Bappi-Lahiri-I-am-the-gold-man/articleshow/4122155.cms - Gold Man - Bappi Lahiri must be happy man |
Posted By: MissingLink
Date Posted: 20/Feb/2009 at 8:46am
India Paper Gold Buying Shoots Uphttp://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 |
Posted By: PrashantS
Date 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 |
Posted By: kulman
Date Posted: 21/Feb/2009 at 12:43pm
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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 |
Posted By: basant
Date Posted: 21/Feb/2009 at 1:41pm
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!!!
 ------------- '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 |
Posted By: prashantmohta
Date Posted: 21/Feb/2009 at 4:18pm
List of Senior Gold Mining Stocks
|
Posted By: prashantmohta
Date 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????? |
Posted By: MissingLink
Date Posted: 21/Feb/2009 at 4:46pm
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 |
Posted By: MissingLink
Date Posted: 23/Feb/2009 at 7:31am
|
http://www.latimes.com/business/la-fi-goldfever21-2009feb21,0,3259529.story -
http://www.latimes.com/business/la-fi-goldfever21-2009feb21,0,3259529.story
------------- 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 |
Posted By: catcall
Date Posted: 05/Apr/2009 at 9:13pm
|
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! ------------- 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! |
Posted By: Mohan
Date Posted: 05/Apr/2009 at 12:42pm
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And if it breaks it support of $ 880.00 ?
------------- Be fearful when others are greedy and be greedy when others are fearful. |
Posted By: Hitesh Shah
Date Posted: 05/Apr/2009 at 7:42am
There are always fixed-income products .------------- |
Posted By: basant
Date Posted: 05/Apr/2009 at 7:52am
|
If there is a global recovery wouldn't the gold rally nipped in the bud?
------------- '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 |
Posted By: Mohan
Date Posted: 05/Apr/2009 at 8:00am
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Basantji, Global recovery or not ,The hot money that was looking for a safe haven from the financial storm so far is feeling that it is missing out on the huge run up in the markets. ------------- Be fearful when others are greedy and be greedy when others are fearful. |
Posted By: Hitesh Shah
Date Posted: 05/Apr/2009 at 8:12am
What doesn't come with ifs and buts attached? ------------- |
Posted By: catcall
Date Posted: 06/Apr/2009 at 8:37pm
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Gold Support at 880$ has just been breached after resistance for the better part of the day.... next support on charts is at 850.
Meanwhile, one of the major reasons for this sharp downturn is the reference in the G20 meet that IMF could consider selling the IMF gold "to aid countries in financial crisis." This kitty of IMF gold is a cool 403 tonnes of gold. That would be 12,938,315 troy ounces. This is not a new proposal though, we've heard it before .The reason that it's keeps getting repeated is that that's the only real kitty IMF has!
The effect on the gold prices is purely reactive in nature. Firstly, this sale is easier said than done, it's still not agreed upon. Secondly IMF's 403 tonnes of gold (or 12,938,315 troy ounces of gold) may seem a lot of gold till you realise that the DAILY turnover on the London Bullion Market Association in 2009 was 18,300,000 oz. per day!
These are surely interesting times ahead as far as gold is concerned.... ------------- 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! |
Posted By: catcall
Date Posted: 15/Apr/2009 at 9:00pm
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! ------------- 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! |
Posted By: chimak10
Date 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. |
Posted By: catcall
Date Posted: 16/Apr/2009 at 9:21pm
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... ------------- 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! |
Posted By: paragdesai
Date 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? ------------- Luck is what happens when preparation meets opportunity .... |
Posted By: chimak10
Date 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 |
Posted By: catcall
Date Posted: 20/Apr/2009 at 7:10pm
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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.. ------------- 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! |
Posted By: catcall
Date Posted: 25/Apr/2009 at 2:49pm
For those who have taken position in Gold at 880$ level, gold is now at 913... worth booking profits by Akshya Tritya (27th).... ------------- 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! |
Posted By: Hitesh Shah
Date Posted: 25/Apr/2009 at 4:51pm
Catcall sir ji, please talk in rupeej otherwise CPM, SP, etc. will get upset again... ------------- |
Posted By: catcall
Date Posted: 25/Apr/2009 at 5:51pm
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....  ------------- 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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Date Posted: 19/Jan/2016 at 12:20pm
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