:: Gold is investments for Banks, FII's, Govt sectors ::

Countries Like USSR Europe India China is planning to up its metal reserves, there is rising concern about Iran going ahead with its nuclear ambitions (which I have been predicting for the last two years) while Arab countries are accumulating gold as a safe haven and alternative investment. This is after gradually withdrawing their money from western markets as well as bonds. Indeed they are now flourishing with oil and metals investments and their infrastructural and housing development is just mind boggling. Every one has been predicting new historic high for all major stock markets.

Everyone is now seeking alternative investment. Gone are the days when all other countries only looked at the USA for investment targets. As a matter of fact, the USA’s own investment is moving out of the country. Companies and funds are putting in their money in countries with better returns, where the cost involvement is less; making them more competitive as well as helping increase profit margins.

This week it will move down as Mars cannot influence it much but next week will have more influence. Mars will be saying bye-bye (for the medium term) to the metals bull market in the last week of this month, it should therefore remain very volatile for the next three weeks.

: : Sunil S Jain : :

Disclaimer: There is risk of loss in all commoditiestrading. I do not guarantee profits or pre-determined loss points, and are not held monetarily responsiblefor the trading losses of others