Chitracapital: Gold at cross roads again

Saturday, January 5, 2013

Gold at cross roads again

Gold at cross roads again -

As mentioned earlier Gold is at cross roads and on the verge of breaking down from its peak of $1943/oz on AUG 2011.

Gold is in a circle similar to 2009, now it is different. it is on the path to $1400/oz pretty soon.
There are rumors no new $$$ is printed..

India :
As Gold kept falling (-20% from AUG 2011 $1943/oz) Genius Indian government kept depreciating the Rupee to Rs55/$ and keep Gold rates steadily increasing at Rs 32,000/10gms the highest so far. Reason, in India if Gold rate comes down, real estate will follow and banks will become pauper (Bankrupt)..

We think Rupee can touch Rs60/US$ by mid 2013.. and the US$ keeps getting stronger.
No much movement seen in Gold. so no ideas on Gold & Silver.

No comments:

Post a Comment

Disclaimer

This investment blog (the “Blog”) is created is published and provided for informational and entertainment purposes only (collectively, the “Blog Service”), The information in the Blog constitutes the Content Creator’s own opinions. None of the information contained in the Blog constitutes a recommendation that any particular security, portfolio of securities, transaction, or investment strategy is suitable for any specific person. You understand that the Content Creator is not advising, and will not advise you personally concerning the nature, potential, value or suitability of any particular security, portfolio of securities, transaction, investment strategy or other matter. To the extent any of the information contained in the Blog may be deemed to be investment advice, such information is impersonal and not tailored to the investment needs of any specific person.

From time to time, the Content Creator or its affiliates may hold positions or other interests in securities mentioned in the Blog and may trade for their own account(s) based on the information presented. The Content Creator may also take positions inconsistent with the views expressed in its messages on the Blog.

Investing in the investments discussed in the Blog may be risky and speculative. The companies may have limited operating histories, little available public information, and the stocks they issue may be volatile and illiquid. Trading in such securities can result in immediate and substantial losses of the capital invested. You should use invest risk capital, and not capital required for other purposes, such as retirement savings, student loans, mortgages or education.