RSBL Gold Silver Bars/Coins

Friday, 9 November 2012


WATCH ME LIVE ON CNBC AWAAZ  as I join a PANEL DISCUSSION today from 11.30 to 12.00 am

Wednesday, 7 November 2012


The Most powerful man of the World is here: US President Barrack Obama. As we see him march towards his second term we expect the commodities market to march upwards too. 

Obama has always been the markets favorite. His win will bring in positive sentiments for the market.

Romney was considered as a threat to gold prices as he did not believe in the policy of printing currency to accelerate the economy.

This would have inevitably resulted in the dollar strengthening short term, which would have a reverse correlation with the price of gold, as the dollar strengthens the price of gold often declines.

Nonetheless, gold will be touching the roof in the days to come. Re election of Obama means that FED chairman Bernanke continues his term and hence the monetary measures remain more or less unchanged.

In the short and medium term gold is expected to move in the range of INR 30,000 - 30,500 per 10gm on the lower side and INR 32,000 - 33,000 on the higher side.
In the long term gold is expected to move in the range of INR 29,000 - 29,500 on the lower side and INR 33,000 - 35,000 on the higher side.