Tuesday, August 16, 2011
Monday, August 8, 2011
Goldman raises gold price forecasts
Goldman Sachs has raised its gold price forecasts citing the fall in US real rates and intensifying sovereign debt issues in both the United States and Europe.
"We expect gold prices to continue to climb in 2011 given the current low level of US real interest rates," the Wall Street bank said in a note to clients on Monday.
The investment bank raised its three-month gold price forecasts to USD 1,645 per troy-ounce, from USD 1,565 per troy-ounce.
It also upped its six-month and 12-month forecasts to USD 1,730 per troy-ounce and USD 1,860 per troy-ounce, respectively.
Goldman also said it recommended initiating a long COMEX December 2011 position.
"We expect gold prices to continue to climb in 2011 given the current low level of US real interest rates," the Wall Street bank said in a note to clients on Monday.
The investment bank raised its three-month gold price forecasts to USD 1,645 per troy-ounce, from USD 1,565 per troy-ounce.
It also upped its six-month and 12-month forecasts to USD 1,730 per troy-ounce and USD 1,860 per troy-ounce, respectively.
Goldman also said it recommended initiating a long COMEX December 2011 position.
Friday, August 5, 2011
NEXT WEEK FOR GOLD
Survey Participants Tilted Bullish On Gold Prices Next Week
Friday August 05, 2011 12:37 PM
There is a slightly bullish tilt in sentiment toward gold for the next week among participants in Kitco News’ weekly survey. The largest bloc is looking for prices to keep trending higher as traders and investors continue to seek a safe haven amid worries about the global economy and debt levels in the U.S. and Europe.However, there were also plenty of participants who feel some sort of retracement is likely, particularly after prices ran up to record highs this week.
In the Kitco News Gold Survey, out of 34 participants, 21 responded this week. Of those 21 participants, 10 see prices up over the next week, while seven see prices down and four see prices sideways or unchanged. Market participants include bullion dealers, fund managers, investment banks, futures traders and technical-chart analysts.
Bulls cited some of the same factors that have been fueling the recent rally—rising debt levels in developed nations, a lack of confidence in the dollar and other fiat currencies, plus worries about a soft economy meaning prolonged loose monetary policy. One also cited potential for physical buying to start picking up ahead of the autumn “wedding season” in India.
There is a growing realization that debt in the U.S., Europe and Japan is “out of control” and policy leaders do not know how to deal with it, said Adrian Day, president and chief executive officer of Adrian Day Asset Management. “In the U.S., there is no willingness to make the sort of cuts in spending that would be required, and policy leaders are quite prepared to let the dollar sink,” he said. “If fiat papers are doomed, investors turn increasingly to gold.”
Those who look for near-term weakness cited potential for more selling of gold to meet margin calls and cover losses in other markets, as was reported during a decline from record highs Thursday when equities tumbled. These participants also cited potential for a technical correction in the market, with buyers perhaps hesitant to keep rushing in at the highs without some sort of pullback first.
CALLOPTIONPUTOPTION JULY MONTH PERFORMANCE
| Jul-11 | |||||
| DATE | OPTION TYPE | ENTRY | EXIT | PROFIT/LOSS | GAIN IN POINTS |
| 5/7/2011 | NIFTY 5600 PE | 81 | 60 | LOSS | -21 |
| 11/7/2011 | NIFTY 5600 PE | 72 | 100 | PROFIT | 28 |
| 12/7/2011 | NIFTY 5400 PE | 31 | 48 | PROFIT | 17 |
| 18/07/11 | NIFTY 5500 CE | 114 | 114 | ||
| 19/07/11 | NIFTY 5600 CE | 80 | 74 | LOSS | -6 |
| 20/07/11 | NIFTY 5600 CE | 72 | 55 | LOSS | -17 |
| 22/07/11 | NIFTY 5600 CE | 67 | 108 | PROFIT | 41 |
| 27/07/11 | NIFTY 5500 PE AUG | 97 | 113 | PROFIT | 16 |
| 2/8/2011 | NIFTY 5400 PE AUG | 70 | 82 | PROFIT | 12 |
| 3/8/2011 | NIFTY 5500 PE AUG | 145 | 160 | PROFIT | 15 |
| 4/8/2011 | NIFTY 5300 PE AUG | 71 | 160 | PROFIT | 89 |
Wednesday, July 27, 2011
READ BETWEEN THE LINES, US DEBT DRAMA WILL LAST UPTO NEXT WEEK
READ BETWEEN THE LINES, US DEBT
DRAMA WILL LAST UPTO NEXT WEEK
When investors woke this morning they are worried about the market. But it always pays to read between the lines. This US crises is long overdue and last till next week. No need to worry this crises will also end in a tamed manner. So use this opportunity to get rid of junk stocks of your portfolio and accumulate hidden gems of midcap space available plenty in discount sale.
Well a very old proverb somebody‘s loss is somebody’s gain. If US defaults which is next to impossible, rating agencies downgrade US and smart money will fly from US to high growth emerging markets specially India. This will also cool down commodities which is the greatest boon for INDIA in the current scenario.If US politicians rise to the occasion to control the damage which will help dollar and lift world markets. So India is gainer in both side of the coin.
In this era of globalization our markets are linked to the world markets directly. Any mishap in any corner of the globe will bound to affect our markets. Market today will open a gap down and will remain in a state of panic in the 1st half. Such panic days are integral part of a vibrant market. Make your habit to live with it. The expiry today will provide added volatility to the market.
The best possible strategy is to stay away and take your family to some cool hideout, revitalize your energy to return back tomorrow. The adventurous investors should use this opportunity to buy selected stocks in midcap space today available in discount sale, keep your stop-loss handy and do not trade in future.
CALLOPTIONPUTOPTION 27/07/11
BUY NIFTY 5500 PUT @ 82 SL 60 TGT 150+ DURATION 2-4 DAYS,
BOOK PROFIT @ 108 ON 28/07/11
BOOK PROFIT @ 108 ON 28/07/11
Tuesday, July 26, 2011
ASHOK SHARMA 27/07/11
ASHOK SHARMA: IF YOU CAN’T CONTROL BLOOD
PRESSURE OF A PERSON K...: "IF YOU CAN’T CONTROL BLOOD PRESSURE OF A PERSON KILL HIM That is exactly what RBI prescribed yesterday. More damaging is the body langua..."
PRESSURE OF A PERSON K...: "IF YOU CAN’T CONTROL BLOOD PRESSURE OF A PERSON KILL HIM That is exactly what RBI prescribed yesterday. More damaging is the body langua..."
Monday, July 25, 2011
ASHOK SHARMA: A DIFFICULT TUESDAY FOR TRADERSMy dear investor s...
ASHOK SHARMA:
A DIFFICULT TUESDAY FOR TRADERSMy dear investor s...: "A DIFFICULT TUESDAY FOR TRADERS My dear investor stock markets are like London Whether which changes before you predict. Earlier we predict..."
A DIFFICULT TUESDAY FOR TRADERSMy dear investor s...: "A DIFFICULT TUESDAY FOR TRADERS My dear investor stock markets are like London Whether which changes before you predict. Earlier we predict..."
Sunday, July 24, 2011
STOCK OF THE MONTH JULY
BUY Bliss Gvs Pharma Limited @ RS 25 Target : 80,52 Week H/L : 47/19.Holding Period : 24 Months
Friday, July 22, 2011
Thursday, July 21, 2011
NIFTY CALL OPTION
BUY NIFTY 5600 CALL @ 65 SL 25 TGT 120+ TILL TOMMOROW HIGH RISK HIGH REWARD
CALLOPTIONPUTOPTION
CALLOPTIONPUTOPTION
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