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Thursday, October 14, 2010

gold hits a new record again....

SOLD GOLD AT 1330$ BUT FORGOT TO NOTICE MOVEMENT AND PATTERNS IN EURO AND DOLLOR INDEX WHICH WERE IN FAVOUR OF GOLD INCREASING....
I ATMOST SEE GOLD AT 1434$ OR SEE A BIG CORRECTION FROM 1393$...DEPENDS...ITS HAPPENING DUE TO MOVEMENT OF EURO AND US DOLLOR INDEX AND NOT BECAUSE OF GOLD’S OWN FUNDAMENTALS....GOLD MCX CAN ATMOST REACH TO 20043.20150,20730....ITS YET TO BE SEEN WHAT HAPPENS...BUT SELLING AT 1330 ACCOUNTS TO BE A WRONG DECISION NOW...
DETAILS...
1330$ EXCHANGE 45
RIGHT NOW WXCHANGE AT 44.135
BOUGHT GOLD $ AT 1383.7 AND SOLD MCX AT 19983....

Thursday, October 7, 2010

GOLD IS GOLD ??


GOLD is not working on its own fundamentals,....its working on the psychic and circumstances views and beliefs created by the people economies govt and traders investors analysts....after everything its just a metal like anyother...that shines and precious still you cant eat it in food crisis...cant put it on if u not having money to spend....you cant live in it even if it booms and there is real estate crisis...lastly you cant spread it from the helicopter like paper currency that ben bernanke wishes to....only thing that takes out an economy from crisis is a good investment...good management....cutting debts and last but not the least...TIME THAT CHANGES EVERYTHING...FUNDAMENTALS,ECONOMIES,FACTORS.......;)
GOLD IS AT 1360$/OUNCE......30$ ABOVE MY TARGET LEVEL....LETS SEE....

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