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Indian rupee records low against US dollar...

Indian rupee hits a record low against the dollar on Monday, on growing demand for oil  among importers. The fall is the one more blow towards the growth story of India, one of the emerging economies and 3 rd largest in Asia.Analysts and traders will now watch for any possible intervention from the central Reserve Bank of India to stem any further weakening of the currency.

The weaker currency makes imports costlier, especially of foreign oil on which India relies heavily, and will stoke already high consumer inflation.
The RBI has a policy of not commenting on movements in the forex market and has a stated policy of intervening only to curb volatility.

Investing in Gold: Here are some recommended methods

You can invest in gold through E-Gold, Gold mutual funds, Gold ETFs or gold bars and coins. Not to forget, many Indians buy gold jewelry that they will never use considering them as investment. Each of these has their own merits and demerits.

* E-Gold

Pros:

1. No recurring charges like expense ratio of mutual funds, ETFs involved.
2. Units as small as 1 gram can be redeemed for physical gold.
3. Greater price transparency.

Cons:
1. Separate trading account and demat account needed for trading in e-gold.
2. Not the best way to invest in terms of tax. It treated as physical gold for taxation.


* Gold ETFs

Pros
1. Units are backed by corresponding units of physical gold which are kept in secured vaults.
2. Returns close to that of e-gold.
3. Long term capital gains tax of 10% without indexation or 20% with indexation kicks in after 1 year. No wealth tax applies.

Cons:
1. Trading account and demat account needed for buying ETFs.

* Gold mutual fund
Pros
1. Through Systematic Investment Plan (SIP) of gold mutual funds one can affordably have disciplined investment in gold. One can invest as little as Rs 100 every month in gold funds.
2. Long term capital gains tax of 10% without indexation or 20% with indexation applies after 1 year. No wealth tax applies.

Cons
1. Expense ratio is higher than in gold ETFs.
2. Returns slightly lower than that of gold ETFs depending on fund’s performance.

* Physical gold

Cons
1. Banks charge premium is charged on gold bars and coins. Reselling them is difficult.
2. Storage costs and making charges involved. Issue of safety is also large.
3. Most unfavorable way in terms of tax. Long term capital gains tax of 20% with indexation applies only after 3 years of buying it. It attracts wealth tax.

Conclusion: If you own a demat account gold ETFs are the best form of gold investment for you. If you don't, choose gold mutual funds. E-Gold needs time to mature as a product and the separate account requirements are too demanding for those not accustomed to trading. While jewelry has value as consumption article, gold bars and coins should be avoided.

Not a Golden Chance...

 The RBI's efforts to contain gold imports by restraining credit for purchase of gold assets will hit the jewellery trade and encourage dependence on illegal sources. The policymakers should learn from the experience of clamping down on gold imports during the licence raj, leading to the emergence of powerful smuggling rings that endangered the country's security besides leading to a burgeoning black market in gold.

Government hikes import duty on gold to 8%. The government on Wednesday raised the import duty on gold to 8% from 6% in a bid to rein in import of the yellow metal and to help curb a yawning current account deficit. The basic custom duty on gold and platinum has been raised to 8% from 6% and changes come into effect immediately.

Weaker equities may increase demand for Gold

Spot gold prices increased by 0.9 percent in the yesterday's trading session as the rise in risk aversion in the global market sentiments increased the demand for precious metal as protection of wealth. Further, weakness in DX along with rise in Physical demand supported prices to trade positive. However, expectation among the investors that the US Federal Reserve may start trimming bond buying programme soon caped sharp upside in the prices.

The yellow metal touched an intra-day high of USD 1394.66/oz and closed at USD 1392.45/oz in yesterday's trading session.

In the Indian markets, prices ended on positive note in the yesterday trading session taking cues from spot gold prices and closed at Rs.26630/10gms after touching an intra day high of Rs. 26659/10 gms on Wednesday. Depreciation in the Indian rupee supported prices to trade in green.

MCX Goldm July contract trades flat.

Goldm prices on MCX were trading flat. At 16:03 hrs MCX GOLDM June contract was trading at Rs 26434 down Rs 40, or 0.15 percent. The GOLDM rate touched an intraday high of Rs 26532 and an intraday low of Rs 26430. So far 12457 contracts have been traded. GOLDM prices have moved down Rs 3707, or 12.30 percent in the June series so far.

At 16:03 hrs MCX GOLDM July contract was trading at Rs 26467 down Rs 24, or 0.09 percent. The GOLDM rate touched an intraday high of Rs 26545 and an intraday low of Rs 26450. So far 2063 contracts have been traded. GOLDM prices have moved down Rs 3533, or 11.78 percent in the July series so far.

At 16:03 hrs MCX GOLDM August contract was trading at Rs 26556 down Rs 36, or 0.14 percent. The GOLDM rate touched an intraday high of Rs 26628 and an intraday low of Rs 26542. So far 517 contracts have been traded. GOLDM prices have moved down Rs 794, or 2.90 percent in the August series so far.

Gold edges higher on global cues; demand subdued

Indian gold futures edged higher on Monday tracking gains in the overseas market, while demand in local spot markets remained subdued as prices were hovering above 26,000 rupees per 10 grams.

The actively traded gold for June delivery on the Multi Commodity Exchange (MCX) was 0.07 percent higher at 26,424 rupees per 10 grams.

Jewellers are not active. Retail demand is weak. The wedding season is coming to an end. There is no major festival in the next two months," said a Mumbai-based dealer with a private bullion importing bank.

"Gold supplies are comfortable in the local market. There is no shortage like we saw earlier this month, but buyers are not comfortable with making purchases above 26,000 rupees," the dealer said.

The Reserve Bank of India restricted banks from consignment imports of gold, except for jewellery exporters, after imports jumped more than 150 percent in April, despite a 50 percent hike in import duty in January.

The rupee, which is trading near its lowest level in more than eight months, plays an important role in determining the landed cost of the dollar-quoted yellow metal.

Indian rupee down 10 paise against dollar in early trade.

Dealers attributed the rupee's fall to dollar gains against other currencies overseas but a higher opening of the domestic equity market, capped rupee's losses to some extent.

The rupee today weakened further by 10 paise to 55.69 against the dollar in early trade on the Interbank Foreign Exchange due to appreciation of the US currency overseas.

Dealers attributed the rupee's fall to dollar gains against other currencies overseas but a higher opening of the domestic equity market, capped rupee's losses to some extent.

The rupee had lost 13 paise to close at a fresh six-month low of 55.59 against the dollar after dropping to eight-month low of 56.01 intra-day in yesterday's trade. Meanwhile, the BSE benchmark Sensex was up by 139.39 points, or 0.71 percent, at 19,813.72 in early trade today.

Gold jewellers face shortage of stocks, premiums still high.

Jewellers in India faced shortage of the yellow metal ahead of the key wedding season, keeping premiums supported at higher levels, despite meeting part of the demand through left over consignment stocks from banks.

On May 13, the Reserve Bank of India restricted gold imports by banks on a consignment basis, except to meet genuine demand from jewellery exporters.

“We have some left over consignment stocks … So for the time being we are catering to jewellers,” said an official with a foreign bank importing bullion.

The actively traded gold contract for June delivery on the Multi Commodity Exchange (MCX) was 1.28 percent lower at 25,505 rupees per 10 grams at 2.34 p.m., after hitting a low of 25,373 rupees, a level last seen on April 18.

“People have already purchased for Akshaya Tritiya and Gurupushyamrut (an auspicious occasion), and we don’t have ready material. Even if it is ready stock, we need to pay additional premium of 700-1,500 rupees (per 10 grams),” said Haresh Soni, chairman of All India Gems & Jewellery Trade Federation, a trade body.

India, the world’s biggest buyer of the metal, celebrated the second biggest gold buying festival after Dhanteras last week, and weddings will continue till June.

Gold slightly lower amid consolidation

Precious metals edge a touch lower, with ranges narrowing and prices consolidating after an erratic session Monday, which initially saw prices slump toward April lows, before dramatically reversing. The latter move,  was helped by a weaker U.S. dollar, which serves to lift the appeal of the dollar-denominated precious metals to buyers with other currencies. "All eyes will be on the release of the Federal Reserve policy meeting minutes Wednesday for further clues to plans on quantitative easing," Numis notes. A curtailing of QE would likely dent gold as a hedge against liquidity-fueled inflation and currency weakness, it adds. Spot gold is down 0.2% at $1,390.35/oz.

Remain bearish on gold & silver....

Be Bearish on Gold for this entire year probably much lower targets from here. But last time also before Akshaya Tritiya basically once the fall came in, in the first fall typically investors or buyers tend to buy because there is a lot of accumulated money, which has been there waiting on the sidelines for a dip to buy. So most of this buying has been jacked up into a couple of weeks at that point of time.

After the consolidation, now we are seeing the second round of selling coming up. Normally people do not come back to the markets because the sentiments are now dampening in the domestic markets as well. I think now people will wait because most of these accumulated buying has already done.

So, at this point of time, I still believe that probably we will have very lackluster buying at this point of time in the physical markets. Also the RBI controls will discourage physical buying from the jewelers at least from the bankers. That also would be suppressed. I would remain bearish on gold for at least next three-four months.

Hedge funds sell gold after propping mkt a month ago

Hedge funds and other big speculators in commodities have started selling gold in a big way, trade data showed on Friday, just a month after they had supported the precious metal amid a record tumble in its price

Just a month ago, CFTC data showed hedge funds had added to their net long positions in US gold futures despite a record loss in bullion prices at that time due to a broad commodities sell-off triggered by global economic worries.

On Friday, gold fell for a seventh straight session, its longest losing streak in four years, as the dollar rose to the highest since 2008 after some Federal Reserve officials said the central bank should end its stimulus for the U.S. economy.

Ultra low interest rates and hundreds of billions of dollars of Fed stimulus money have fueled higher prices for gold and other commodities over the past 3 years.

This year, gold's safe-haven lure been dulled by improving US economic data, which included a May reading for consumer sentiment that stood at a near six-year high. Money has also been rotating out of gold into equity markets as U.S. stock prices hit record highs.

MCX Gold June contract trades flat

Gold prices on MCX were trading flat. At 11:26 hrs MCX GOLD June contract was trading at Rs 26127 down Rs 4, or 0.02 percent. The GOLD rate touched an intraday high of Rs 26138 and an intraday low of Rs 25997. So far 5940 contracts have been traded. GOLD prices have moved down Rs 6067, or 18.85 percent in the June series so far.

MCX GOLD August contract was trading at Rs 26232 up Rs 20, or 0.08 percent. The GOLD rate touched an intraday high of Rs 26232 and an intraday low of Rs 26104. So far 407 contracts have been traded. GOLD prices have moved down Rs 5995, or 18.60 percent in the August series so far.

MCX GOLD October contract was trading at Rs 26294 down Rs 18, or 0.07 percent. The GOLD rate touched an intraday high of Rs 26310 and an intraday low of Rs 26245. So far 12 contracts have been traded. GOLD prices have moved down Rs 5556, or 17.44 percent in the October series so far.

Cure Yellow fever with good finance products...

There is an urgent need to contain gold imports to keep current account deficit within prudent limits. The recent surge in gold demand is however creating some distortions and needs to be rolled back to boost growth by reversing the trend of declining financial savings and keeping CAD within prudent limit by contain gold demand. 

As a first step, India the world's largest consumer of gold, needs to bring down demand from the current level of 1000 tonne per year to 700 tonne, taming inflation and enhancing the real rate of return on financial products are best way to contain gold demand, that government must ensure financial products from bank deposits to mutual funds give adequate returns so that investors shift to these products from gold.

GoI, RBI are getting wrong on Gold.................

The Indian consumers are apparently responsible for leaving the nation's balance sheet in a shambles with our insatiable lust for gold. Both GoI and RBI are doing everything to punish Indian consumer. We cannot wear our jewellery above Rs.1 lakh on an overseas holiday. We can't buy coins easily. The paperwork at jewellery shop is designed to everyone away. The higher custom duty intends to make gold prohibitively expensive.

Jewllers can't import gold, they can rationed through government owned banks. Are we really to blame? Who started the gold coin culture in India? Not the jeweller but GoI and RBI that encouraged high street banks, and even post office, to start peddling gold  coins about five years ago. 

Why should GoI and RBI should complain? Petrol is the largest item on our import bill but no one suggest to shut down car factories and go back to tonga and cycle rickshaw.

Bourses, MFs Plan to Cash in on Akshaya Trithiya............

The gold holdings of asset management companies have gone up nearly 100% in the last two years to 38 tonnes in March. The stock exchanges, mutual fund houses, and online portals have all geared up to cash in on Akshaya Trithiya, as Indian consumers are rushing to buy gold after prices of the yellow metal crashed drastically. There is rush for gold ETFs too, quoted by wealth managers.

The recent dip in gold prices has already led to higher jewellery demand from the price -sensitive Indian investors. Investing in physical gold, however, is an costly affair, but an individual can easily invest in gold ETFs or gold fund of fund and liquidate it with a much lesser impact cost.

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Thailand to crack down on Rerouting of Gold to India.

Thailand has agreed to retrospectively reexamine rules of origin certificates issued to Indian gold importers after New Delhi said third gold was routed through Thailand to take advantage of concessional duty available under India-Thailand free trade agreement.

If any certificate is found lacking, importer will have to pay additional duties, spelling more miseries for the sector that has been on the on the policy radar for worsening India's current account deficit.

In the worst case scenario, the imported gold can also confiscated if malafide intent to evade taxes is established.

Don't wait; learn how to claim your's fair share.................

Besides, speaking from experience, this is the first time in almost 10 years that we can remember gold being a hated asset. It was hated in the early part of the decade for all the same reasons: It had no real economic use... it produced no yield, but imposed storage costs... it didn’t do anything other than sit there and look pretty in a cold, dark room.

The people who didn’t understand gold then don’t understand it now. The only difference today is that the horrible price action has brought out the gold bears from the woodwork. They are exacting their verbal revenge. The crowd is bleating for lower prices.

Of course, it could be that we are so embedded in our own position, so wedded to our own beliefs and so complacent after 12 years of rising bullion prices that we’re incapable of considering the evidence in front of us. It is possible we’re refusing to see the gold bear market because we’re emotionally attached to a long-term gold bull market.

Yes, of course, it’s possible. It’s important to know your limitations as a human being and not to mistake good fortune with personal brilliance. But we suspect gold’s days as the premier monetary asset are far from over. In fact, we suspect that gold will be around long after the yen, euro and dollar are being used for toilet paper.

Even artists -- not famous for their interest in financial matters - - seem to know this. One of the exhibits we relished at Hobart’s Museum of Old and New Art took some time to sort out. This is as it should be with a good piece of art, whether it’s a book, a movie or something else. The meaning -- if there is one -- shouldn’t come right out and hit you on the head. If it’s too obvious, it’s either a soup label or a traffic signal.

The exhibit in question looked like a long line of leaf patterns on colored paper, at least from a distance. As you got closer -- and you’d have to lean in really close to examine the paper each leaf was matted on -- you could see that the colored paper was really a collage of old paper currencies. Most of them were from places in South America or Southeast Asia.

This work of art conveys many different emotions and messages, depending greatly upon the individual mind that absorbs it. But for the narrow purposes of today’s essay, the leaves of defunct paper currencies convey a monetary, and perhaps ecological, message. All those forests cut down to make paper currencies that are worthless. Something real turned into something unreal. Something valuable lost; nothing worthwhile gained. That is one meaning you might extract from this canvas.

Paper money possesses value only because everyone tacitly agrees that it does. When that agreement breaks down, the money becomes worthless. That’s why paper money is ephemeral, everywhere and always. It has always come and gone through history, because those who print it cannot resist the temptation to print more. They always do.

But gold is untreelike. It doesn’t grow on trees. And you can’t extract more of it from a printing press. That’s why people have always used it as a store of wealth and a medium of exchange. Its physical properties give it a reliability you can never get from paper money that’s backed by nothing but the “full faith and credit” of a government.

Are we articulating an overly orthodox or unfashionable view of money? It certainly looks like it, based on the last few days of trading in the gold market. Does gold care? Not a jot. Will today’s paper currencies be the museum exhibits of tomorrow? Only if they don’t all get burned to produce something useful first, like heat.

For now, however, all the heat is on gold owners.

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ETF's still score better over buying physical gold....

Exchange traded funds offer all advantages of yellow metal at a lower cost. 1. These are affordable to retail investors since they can buy these in smaller quantities. 2. Purity is guaranteed, usually at 99.5%. In case of physical gold purity is suspected. 3. These are issued in demat form and hence almost no risk to threat. 4. These units can be easily bought and sold on the bourses. 5. The price of unit of gold ETF is available on the bourses on a real time basis. 6. Since held in demat form, cost of holding low compared to physical gold. 7. Long term capital gains of 10% are applicable for gold ETFs for investment held beyond the year, compared to 3 years in physical gold. 8. No wealth tax, VAT, securities transaction tax. inf 9. Gold reduces portfolio risk, acts as a hedge against inflation, turmoil.

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RBI Cautions banks on sale of gold

Curbs on loans against gold coins will moderate India's voracious appetite for the yellow metal and the country's huge import bill. Finding gold coins at your neighborhood bank branch may become tougher. The central bank has suggested that bank should not aggressively sell gold products at their branch. This is the latest attempt by the central bank to stem runaway gold imports, one of the key reasons behind the widening trade and current account deficit. RBI is trying to check the import of gold, which is a major contributor to the country's widening trade and current account deficit. Also an anvil are fresh regulations for incentivizing cross -selling of gold, other financial products to curtail money-laundering. The move indicates that RBI will not give long- standing demand by banks to allow them to buy back gold coins. Bankers believe that the move won't be able to reduce gold sales as customers can always approach jewellers for the same. On the other hand jewellers are happy that they will not have to rush to banks for procuring gold as people will sell gold coins in the open market.

Will RBI action be heplful or harmful?

RBI has cut down the Repo Rate by 25 basis point but, the question remains the same whether the cut will improve the conditions or will not make any difference or make adverse impact. The Macro Report tempers hopes by citing low business & consumer confidence. The Business Expectation Index as under: 1. Consumer confidence declining as policy actions yet to show. 2. Business Optimism continues to be low. 3. Fiscal deficit and current account deficit still a worry. 4. RBI expects inflation to remain above comfort zone. India's strong dependence on external and short-term debts for financing CAD remains a key concern.

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ETF's Can Get Returns On Par With Market

The legendary mutual fund always insisted on bringing down the costs of fund management for the simple reason that any savings on costs by the mutual fund scheme that you have pit your money in would add to the corpus. And, in the long run, this could make a substantial difference to the total corpus you accumulate compared to what you would have got if the costs were higher.

The result of such a logic was the launch of exchange traded funds, popularly known as exchange traded funds (ETF's), although lately other types of ETF's have also been launched in the market with varied degrees of success.

ETF's are usually passively managed funds, meaning these funds track some benchmark index or the price of some physical or financial assets and, unlike regular mutual funds, do not try to outperform their benchmark index by regularly buying selling the portfolio of  stocks.

So, naturally ETF's come with much lower costs compared to actively managed ones. Supporters of the active funds management style often say that good fund managers can beat the market and give you higher returns, but the fact of the matter is at times even the best of the fund managers also underperform the market. One of the best things about ETF's is that if you are invested in an ETF, you would get a return that is on par with the market.

The chance of you being disappointed with your returns in comparison with the market returns is very low, according to an official at a domestic house.

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Markets Overview

DJIA

14,784.93

72.38

0.49%

FTSE 100

6,446.31

19.89

0.31%

OIL (WTI)

93.68

0.68

0.73%

GOLD

1,466.70

13.10

0.90%

EUR-USD

1.3098

0.0067

0.52%

USD-JPY

98.1100

0.0600

0.06%

आरबीआई ने सोने के सिक्कों और गोल्ड से संबंधित निवेश उत्पादों की बिक्री को लेकर तकरीबन 30 बैंकों पर अपनी निगाहें जमा दी हैं। भारतीय रिजर्व बैंक दरअसल यह पता लगाने की कोशिश कर रहा है कि इन बैंकों के कर्मचारी इस तरह के उत्पादों की बिक्री की खातिर ग्राहकों को गुमराह तो नहीं कर रहे हैं।

Trees Don’t Grow Gold

The fall in the materials and energy sectors was not matched by the finance sector. Financial stocks were down, but not nearly as much as anything commodity related. That’s worth noting. There are at least some sectors of the market taking note of underlying events in the real economy.

Energy and materials are not sectors likely to be driven by enthusiasm for more quantitative easing by the Federal Reserve. In fact, the fall in commodities and most of the stocks in extractive industries can be seen as a market repudiation of the healing power of QE. Bernanke may be pumping up financial stocks and financial earnings, but he’s doing a whole lot of nothing for the well-being of the real economy.

It should be noted that all of this price action in gold, commodities and the stock market happened before two explosions near the finish line of the Boston Marathon late Monday afternoon. Markets have become less sensitive to these types of events over the years. But the explosions in Boston will certainly contribute to a sense of fear and uncertainty in the markets. In the past decade, those two sentiments have usually been accompanied by rising gold prices. But gold is currently in the grip of an epic liquidation.

Who is selling and why? Those are interesting questions. But ultimately, both are unknowable. It could be leveraged hedge funds who were long gold or who used gold as collateral to lever up on stocks. It could be owners of large positions in ETFs. It could be manipulation. It could be panic.

What are the “fundamentals”? That gold is an asset that is no one else’s liability, for starters. Beyond that, the last month has provided you with evidence that in a pinch, the political and monetary authorities will confiscate your savings. Central banks across the planet continue to print money and monetize government debt. These are all facts too.

It tells you that the people who control and profit from the printing and use of paper money are willing to do just about anything to retain their rank and privilege. It’s their system, and it works well for them. They do not like the gold price acting as a signal of public confidence (or lack thereof) in paper money or public finances.

But take all the emotion of wild price swings out of it, if you can. Ask yourself whether you think paper money will gain or lose value over the next 10 years. And then ask yourself if you would rather have money in the bank or precious metals in your hands. The answer to that question will tell you all you need to know.

Invest in companies that everybody else is avoiding. . .

Don't get me wrong - I'm not telling you to invest in bad stocks. People are obviously avoiding them for a reason.

But sometimes, even perfectly good stocks get ignored due to some misconceptions. Those are the companies I'm telling you to go after.

Let me explain...

See, we all know there are no better companies than the large caps when it comes to stability.

• Large caps are all well-established companies with stable earnings and no extensive liabilities.
• They are well-managed and have consistently performed across business cycles
• They have the resources to not only weather the downturns and disturbances, but also emerge stronger from them
• Long-term prospects for large caps are outstanding

So the risk associated with large caps is very low, and you can be almost certain of steady returns and dividends from them year after year.  

All that Glitter's is ofcourse GOLD...

Gold and oil are both taking a hit as we write... albeit only slightly.The bulls are seeing red today. The markets are holding their muletas, and agitated investors are charging at full speed, intent on taking everything down.

“Bank of America was the biggest drag on the Dow, after it missed first-quarter earnings estimates, despite an uptick in revenue. Higher investment banking revenue was offset by lower mortgage banking income.

“Other bank stocks followed Bank of America’s lead, with shares of JPMorgan Chase, Citigroup and Goldman Sachs all down more than 3%.” 

Others see the panic hitting Apple, and seem to be panicking themselves.

“Wall Street Slumps in Broad Decline, Apple Sinks,” reads one headline.

“Fears Over Weak Earnings Hit Apple,” reads another.

Lots of negative sentiment, in other words. And lots of reasons to be fearful. And when that’s the case, we can’t help but turn to our favorite investment in uncertain times... regardless of how the markets may be viewing it: gold.

Love it, hate it or just plain indifferent to it, you cannot deny that gold has existed as a form of wealth for thousands of years. And, perhaps more importantly, will likely be valued as such for thousands more.

Of course, that’s just speculation. But then, so is the belief that any paper currency will be around that long. Or any stock, corporation or government. Like most things, those entities are fleeting. And any naive faith in the contrary is as misguided as those things are transitory.

Now, you may be confused. Just this morning, in your Rude Awakening, Greg Guenthner vehemently recommended you don’t buy gold.

“I can’t make this any clearer,” Greg wrote. “You shouldn’t even consider trying to buy gold right now.”

And that’s fine... if you’re someone who decides to buy gold based on the current market price.

We prefer to purchase gold regardless of what the market thinks it’s worth. Because to us, and countless others throughout history, it will always be worth something. Which is more than we can say for the world’s plethora of flimsy fiat currencies.
 

GOLD ETF's still a better bet to Invest....

Compulsive shoppers are queuing up outside jewellery shops in large numbers to make the most of the recent falls in gold prices. A shopper who managed to get inside a shop in Mumbai says the store resembled an overcrowded long distance local train during peak hours.

From a record high of Rs. 32500/- per 10 gm in November, the yellow metal has tumbled to Rs. 25680/- on Wednesday. However, after the recent fall there are many voices singing in the chorus about the demise of gold. Fears of Cyprus gold sale, liquidations in ETF's and unwinding of long positions by institutions in the international markets have contributed to downfall.

"Selling gold at these levels  is not is not advisable at all. Hold on to your current gold investments . Remember gold is akin to currency, in the long run, it will move up".As of  those waiting in the wings, many experts believe that they should consider investing in gold in a piecemeal manner now.

The gold prices are are very close to bottom now. Investors should not try to time the market and instead invest systematically through gold ETF's or demat gold on the exchanges like NSEL. Remember, the gold ETF's are always better than physical gold investment. Apart from better liquidity, it also eliminates the making charges and cost and risk of safe keeping. The pricing structure is also transparent.

Think You Know All About Gold?

Think again. The 10 facts below will give you a better understanding of the gilded stash in your locker.

1. We still don't own enough gold - If all the gold ever mined was made into bricks it would end up in a block 20 metres or around 60 ft wide, high up and deep. This means if all the gold in the world is gathered around it will just fill one big house.  
2. Gold reserves will last another 12 years ..................
3. We are  close to gold's minimum support price..........
4. Now gold too  is made in China- Just 20 years ago, that country wasn't even on the gold map. Yet China set out to build up its gold mining capacity - and succeeded to the extent that it is now the world's biggest gold producer.
5. Americans are going back to gold as money -More than a dozens states in the US, are preparing to adopt gold and silver coins as money, like the dollar.
6. There is gold in your smartphones - After silver, gold is the best conductor of electricity. It also doesn't corrode or tarnish whenever it comes in contact with water. This makes the gold perfect, albeit expensive choice, for the consumer electronics industry.
7. New York Fed's vaults hold about 23% of the world's official gold reserve.
8. Make sure your gold is not tainted, if it is then a smuggled metal
9. Silver still packs a punch
10. Yes, Gold story still alive - Physical demand has picked up momentum, India was the first to respond.

The Gold Crash Right

Gold rose to 1% on March 16 when Cyprus announced an unprecedented levy on bank deposits, before erasing the following two weeks.The country's finance minister said it may sell gold reserves to get international aid, helping extend a slump this week after a metal fell in bear market.

Gold price drop hasn't changed billionaire Paulson's intermediate to long- term outlook on the precious metal. Bond buying by governments will increase demand for gold even as the commodity is "going through one of its periodic adjustments".

DONT BUY GOLD.....

Gold’s dropping. You want to buy.

But wait just a minute...

Is your desire to buy gold now based on reasonable analysis of market conditions? Or is it simply an emotional reaction to the selloff?

“Markets are doing well so people head in that direction. But for the long-term, I’m a buyer. I think there’s a lot of inflation coming. So I’ll slowly buy in expecting lower priced and will be excited when they fall. But later I’ll expect higher prices and will be excited as they rise... sort of.”

Apply this line of thinking to gold. The gold market was booming. So naturally, people headed in its direction. Investors, traders, hedge funds and your crazy coworker bought gold. People wanted to own it because of its performance. Now they are leaving. And they won’t be rushing back to buy anytime soon.

I repeat -- don’t jump back into gold. It’s too soon.

If you are well versed in trading, you could try to play a snapback move in gold futures or miners.

If that’s your game, keep tight stops and expect the unexpected. This thing is just getting started...




 

The Commodity Calculus

Cheaper oil, coal, gold can reignite the investment, if Gol sends the right signals to foreign capital. The softening of commodity prices offers relief on three counts. One, inflation: food and energy prices are the main culprits in the persistent rise in wholesale prices.
Two, the fiscal deficit, third lower commodity prices bring down CAD directly as well. The World Economic Outlook expects commodity prices to fall 2% in 2013 and even more in 2014.

India is poised for a giant leap in its growth rates due to higher power generation capacity, rural broadband connectivity, better political economy and e -banking.

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आईसीआईसीआई बैंक नीलाम करेगा ज्वैलरी

UPTREANDE

GOLD JUNE – SIDEWAYS TO DOWN
SUPPORT 1 – 25488
SUPPORT 2 – 25300
RESISTANCE 1 – 25810
RESISTANCE 2 - 25930

SILVER MAY – SIDEWAYS TO DOWN
SUPPORT1 – 43580
SUPPORT2 – 43260
RESISTANCE 1 – 44130
RESISTANCE 2 – 44450

Golden chance for gold buyers

A Golden chance for Gold buyers as gold has fallen to a 15 month low of Rs. 26,500/- per 10 grams. Oil firms has also cut petrol prices by Rs. 1/- while jewellers are excited about rise in demand for gold ornaments. The drop in commodity prices coincided with inflation cooling to just under 6%, the lowest in more than three years. To be believed this brightens the prospectus of lower interest rates that industry has been looking for a long time....