Gold Futures Were Trading High In Afternoon Trade

Discussion in 'Commodities Forum' started by Rahul, Jun 27, 2017.

  1. Rahul

    Rahul Member

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    For August 2017 contract Gold futures is trading at Rs 28614 per 10 grams, up by 0.36 %, after opening at Rs 28480, against a previous close of Rs 28510. It touched the intra-day higher of Rs 28639.

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  2. manoharb

    manoharb Senior Investor

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  3. manoharb

    manoharb Senior Investor

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    Gold target 1320$ achieved , to create new longs wait for 1285-1290$ Short-term correction.
     
  4. longtermbull

    longtermbull Administrator Staff Member

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    Also worth keeping an eye on the DJIA index as there appears to be growing uncertainty and a potential unwinding of bull market strategies.
     
  5. manoharb

    manoharb Senior Investor

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    Strategy is, buy Crudeoil for short-term target 52$ and Buy Dowjones short-term target 22500. European and Japanese Market showing recovery, hope both recover from these levels.
     
  6. gowiththeflow

    gowiththeflow Senior Investor

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    One major issue is the availability of low cost finance and minimal interest rates on traditional vehicles such as savings accounts. As a consequence we tend to see constant waves of funds being invested on market dips - once base rates eventually return to more traditional levels there will be blood on the streets.
     
  7. kirtimeliwal

    kirtimeliwal Member

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    Today's gold news - Demand for physical gold in Asia remained dull this week as flying prices kept investor on the sidelines while discounts in India diminish ahead of a festival season that could increase buying interest.
     
  8. longtermbull

    longtermbull Administrator Staff Member

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    What are your expectations for the price of gold in the short to medium term - maybe a safe haven in times of trouble? Brexit, North Korea, etc.
     
  9. manoharb

    manoharb Senior Investor

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    Gold will stay in limited-range for many years. possible 1200-1400$.

    At current stage, Crypto-currencies like Bitcoin are threat for Global Economy and investors without Govt. Control. Action against Crypto-currencies started . Possible Crypto-currencies will crash more in future. Global Indices are long-term Bullish. About Banking systems, I think Central Banks will start upgrading systems and Bring Cryptocurrencies under Govt. control. Until that avoid Cryptocurrencies. Cryptocurrencies is best investment in future but after crash and Economic changes in banking system by Central Banks.

    http://www.smh.com.au/business/markets/bitcoin-is-beyond-government-control-20170918-gyk3id.html

    So Problems like North-Korea and Brexit can be solved by Economic and Diplomatic changes also. Of course, North Korea also want solution of problem, not suicide.
     
  10. JR Ewing

    JR Ewing Super Moderator Staff Member

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