Usually during festive season buying of gold multiplies by many times in India, a very large scale gold market. Also, global uncertainties due to Credit Suisse bank issue has some people going back to old safe bet.
At current level its very difficult to give buy signal, but on any tracebacks gold should be bought till at least Feb-March month.
Also, while there is indeed some crisis, its not going to be 2000, 2008 or even 2020. There is no surprise element and market has been adjusting for it for last 5-6 years, evident by the stick price of Credit Suisse bank itself.
So accumulate, but be careful at what levels, don't panic buy.
At such a times its usually better to limit exposer.
At current level its very difficult to give buy signal, but on any tracebacks gold should be bought till at least Feb-March month.
Also, while there is indeed some crisis, its not going to be 2000, 2008 or even 2020. There is no surprise element and market has been adjusting for it for last 5-6 years, evident by the stick price of Credit Suisse bank itself.
So accumulate, but be careful at what levels, don't panic buy.
At such a times its usually better to limit exposer.
“There are those who think they are studying the market—when all they are doing is studying what someone has said about the market . . . not what the market has said about itself.”
Disclaimer
The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.
“There are those who think they are studying the market—when all they are doing is studying what someone has said about the market . . . not what the market has said about itself.”
Disclaimer
The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.