Commodity Trade Mantra

Posts Tagged ‘Buying Gold’

Fireworks in the Gold Market could start pretty soon

On Friday, we saw the match lit for the gold market. Traders pushed the price of gold above the key $1,300 mark, adding the spark needed to set off the next big trend. I’m expecting the price of gold to start moving higher this week, and to continue to move higher throughout the year. Now that gold looks to be breaking out above $1,300 my short-term profit target is a quick move to $1,500.

Gold Demand in India is Bound to Rise - Here Is Why

One of the major drivers for demand is the growing middle class & the popularity of gold jewelry during wedding seasons. Acceptability of gold in banking and financial transactions is also on the rise. Also, 60% of gold jewelry demand comes from weddings. We have 10 million weddings every year on average. And more than 60% of India’s people are below the age of 25.

Alarming Rise in Global Debt Levels to wake up Gold from Slumber

The medium- to long-term investment case for gold, I believe, looks even brighter. Many unsettling risks loom on the horizon—not least of which is a record amount of global debt—that could potentially spell trouble for the investor who hasn’t adequately prepared with some allocation in a “safe haven. Paying down this debt will not be easy. Another crisis could be in the works.

Are You Ready for the Storm about to Hit the Gold Market?

September has been the best month for gold over the past 41 years. Coincidentally (or not), September is also the worst month for the S&P 500. As June comes to a close, we’re near the end of the seasonal weakness for gold—soon to enter its historical prime time from August to October. Investors can use these trends to make strategic purchases when the gold market is the weakest.

Would You Like an Additional Zero to Your Net Worth? Buy Gold

The Fed’s reluctance to carry out their multiple rate hike policy has now revealed their real outlook for the economy to us all. The USD has weakened and is now officially in a bear market, and because gold is priced in dollars, this has been supportive for gold prices. But, what is truly playing out like in the textbook is that no one is bullish. This is precisely when you want to be bullish because of this strategy.

How, What & Why India needs to do to Improvise it's Gold Market

The gold market in India is in a mess. Smuggling continues big time. Seizure of smuggled-in-gold barely accounts for 3% of volumes each year. Almost 90% of the gold in the markets is adulterated. So, can the situation be remedied? Yes, if there is political will, and the willingness to take a fresh look at gold markets. Here are the things that the government should do. Immediately.

Thinking about Buying Gold? A Major Opportunity about to Ignite

You won’t uncover this signal for buying gold by visiting mines, studying gold production, or watching CNBC. A major buying opportunity is about to ignite in everyone’s favorite precious metal. A simple chart is all you need to look at to make money in gold in 2017. This hidden opportunity kicks off on the date June 23 – this Friday – That’s TOMORROW.

Buying Gold is the Important First Step to “Freedom Insurance”

Buying gold is perhaps the easiest step you can take towards diversifying your savings. When you buy gold, you trade in paper money for a hard asset that’s been a stable store of value for thousands of years. Gold is universally valued. Its worth doesn’t depend on any government. In other words, simply buying gold is the easiest way to lessen the political risk to your savings.

You know why You need Gold Investment, Here's how You go about Investing in Gold

Not everyone has a demat account to buy gold ETFs, nor are all comfortable of storing physical gold bars and coins. With investing in gold jewellery, besides the cost of gold, consider making charges, charges on stones, if any, purity and buyback offer. If you plan on investing in gold, there are many options. Here are the major gold products so that you can see what suits you best.

Can Base Metals like Lead be Turned into Gold? Well! Actually YES

Can base metals such as lead actually be transmuted into gold? Surprisingly the answer is yes. Does this have any impact in the market price for gold? While gold can be created by artificial transmutation, precious metal owners have no need to fear. The price of precious metals has not and will not be affected by alchemy in the foreseeable future. Science still has a long way to go.

India's Obsession & President Trump to Boost Gold Demand

The return of physical gold demand in India after two successive droughts is a huge cushion for international gold prices and with the ongoing wedding season and the upcoming list of festivals, the prospect of a further rise in gold demand looks bright. Appreciation in the Indian rupee has come as a blessing in disguise for buyers who were postponing gold purchases.

Gold Bugs on Watch for Buy Signal & How Gold Prices React to Fed's Rate Hike

Despite gold being under pressure leading up to the next rate hike, Bank of America still sees prices rallying by around $200 by the end of the year. UBS and Goldman Sachs are also seeing opportunity for higher gold prices. Though sentiment conditions in the gold market have improved markedly & we are a lot closer to a contrarian gold buy signal than we were a couple of weeks ago, we’re not there yet.

Massive Debt Pain in China Could Be a Blessing for Gold Investors

Although the economy grew by 6.7% in 2016, the debt is causing a host of problems in China. The main reason many Chinese are buying gold is to preserve wealth against the backdrop of massive fiscal stimulus & lax credit conditions. Never has a big economy piled up so much debt so quickly without serious repercussions. It could be wise to take a lesson from Chinese investors & buy physical gold.

I Buy Gold as it’s Cheap & Central Bankers are Weakening Paper Currencies

Central bankers have printed more than $12 trillion since 2008. It was never a question of if we’d get inflation. It was a question of when. Now that inflation has finally arrived, the price of gold should rise as inflation picks up. Druckenmiller didn’t say he bought gold because the stock market is about to crash, but because 1) it’s cheap and 2) central bankers are weakening paper currencies.

Reasons why Gold Prices are Rising & the Dollar is Falling

Shortly after the election, the dollar index spiked as gold prices began a quick decline; however, recently the trend has reversed. The factors shown here for upward movement in gold prices suggest more people are beginning to feel less optimistic about the future, given the current political climate and rightful mistrust of institutions like the Federal Reserve.

U.S. Favors Debt over Equity, Speculation over Investment, Buy Gold while You can

While the animal spirits may have taken over the equity markets and have ignored the gold market, we should recall that there is a reason why Keynes called them animal and not human spirits. Americans have ransomed the US economy because their policies have favored debt over equity and speculation over productive investment, placing gold in a more envious position.

China, Price Inflation & Weak US Dollar - A Perfect Storm for Higher Gold Prices

We can see two roads higher for gold prices from here, the first would be a return of significant price inflation and weakness in the U.S. dollar. The second route to higher gold prices would be the return of safe haven buying, driven by serious geopolitical turmoil, China obviously would be at the forefront of that, and perhaps a shock to the global financial system.

Here's How High Gold could go as this Bull Market Gains Momentum

It’s not uncommon for gold to spike and retreat in the midst of a sustained bull run. That means gold could retreat below $1,100, and it wouldn’t be unusual. Does that mean you should wait for a correction before buying anything? No. Buy on down days for gold, certainly. But if you wait for a correction and it doesn’t happen, you’ll be kicking yourself later.

Indian Gold Industry Hit on Both Fronts: Domestic Sales & Exports

After demonetisation, Indian gold buyers suddenly seem to have all gone into hibernation. The Indian gold industry, recovering with great difficulty from the shock of demonetisation, has been further attacked by a sudden hike in UAE’s gold import duty. UAE, which accounts for a third of India’s gold exports has increased duty on gold imports from 0.36% to 5%.

Trump and Brexit Creating A Rally in Gold and Silver

Traditionally, gold experiences bump at the beginning of the year, but unknowns surrounding the EU’s response to May’s Brexit deal & Trump’s future policy decisions are intensifying haven investing & causing traders to turn to precious metals. Investors should be diversifying their portfolios by buying gold or silver as protection against a falling dollar & political uncertainties that lie ahead.

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